Guatemala: Carbon Electrode Market 2024

Carbon Electrode Market Size in Guatemala

The Guatemalan carbon electrode market shrank dramatically to $X in 2022, which is down by -30.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Electrode Exports

Exports from Guatemala

Carbon electrode exports from Guatemala declined rapidly to X kg in 2022, waning by -86.7% on 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 7,736%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon electrode exports declined sharply to $X in 2022. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 3,807%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X kg) was the main destination for carbon electrode exports from Guatemala, accounting for a 95% share of total exports. Moreover, carbon electrode exports to Honduras exceeded the volume sent to the second major destination, Nicaragua (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Honduras was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-36.8% per year) and El Salvador (-36.9% per year).

In value terms, Nicaragua ($X), Honduras ($X) and El Salvador ($X) constituted the largest markets for carbon electrode exported from Guatemala worldwide.

In terms of the main countries of destination, Honduras, with a CAGR of +0.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, shrinking by -7.5% against the previous year. Overall, the export price, however, saw a moderate increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 190%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Electrode Imports

Imports into Guatemala

In 2022, the amount of carbon electrodes imported into Guatemala reduced remarkably to X tons, with a decrease of -33.1% on the previous year's figure. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon electrode imports dropped rapidly to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 296% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of carbon electrode to Guatemala, accounting for a 96% share of total imports. It was followed by the United States (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +130.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.6% per year) and Mexico (-32.0% per year).

In value terms, China ($X) constituted the largest supplier of carbon electrodes to Guatemala, comprising 92% of total imports. The second position in the ranking was held by Mexico ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +170.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-27.5% per year) and the United States (-9.2% per year).

Import Prices by Country

In 2022, the average carbon electrode import price amounted to $X per ton, rising by 14% against the previous year. In general, the import price posted slight growth. The most prominent rate of growth was recorded in 2018 an increase of 192%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform