Guatemala: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Guatemala

In 2022, the Guatemalan concrete reinforcing bar market increased by 2.8% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Concrete Reinforcing Bar Production in Guatemala

In value terms, concrete reinforcing bar production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 24%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from Guatemala

In 2022, approx. X tons of concrete reinforcing bars were exported from Guatemala; with a decrease of -13.8% against the previous year's figure. In general, exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports rose notably to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 35%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Belize (X tons) were the main destinations of concrete reinforcing bar exports from Guatemala, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete reinforcing bar exported from Guatemala were Honduras ($X), El Salvador ($X) and Belize ($X), with a combined 97% share of total exports.

Belize, with a CAGR of +17.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, with an increase of 24% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +81.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per ton) and Belize ($X per ton), while the average price for exports to Nicaragua ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Guatemala

For the fifth consecutive year, Guatemala recorded growth in purchases abroad of concrete reinforcing bars, which increased by 4.2% to X tons in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest concrete reinforcing bar supplier to Guatemala, accounting for a 46% share of total imports. Moreover, concrete reinforcing bar imports from Mexico exceeded the figures recorded by the second-largest supplier, Honduras (X tons), twofold. The third position in this ranking was held by Costa Rica (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +59.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+11.4% per year) and Costa Rica (+31.7% per year).

In value terms, Mexico ($X) constituted the largest supplier of concrete reinforcing bars to Guatemala, comprising 43% of total imports. The second position in the ranking was held by Honduras ($X), with a 20% share of total imports. It was followed by El Salvador, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+13.7% per year) and El Salvador (+1.3% per year).

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, picking up by 15% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +43.0% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 30%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from El Salvador ($X per ton) and Honduras ($X per ton), while the price for Costa Rica ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform