Guatemala: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Guatemala

In 2022, the Guatemalan steel plaited band market increased by 7.7% to $X, rising for the third consecutive year after three years of decline. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.5% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Steel Plaited Band Production in Guatemala

In value terms, steel plaited band production dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports from Guatemala

In 2022, exports of iron or steel plaited bands and slings from Guatemala dropped notably to X tons, which is down by -25% against the year before. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 434%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports declined sharply to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 371% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Nicaragua (X tons) were the main destinations of steel plaited band exports from Guatemala, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +53.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for steel plaited band exported from Guatemala worldwide, together comprising 98% of total exports.

Honduras, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average steel plaited band export price amounted to $X per ton, with an increase of 4.4% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Nicaragua ($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 Belize (+27.5%), while the prices for the other major destinations experienced a decline.

Steel Plaited Band Imports

Imports into Guatemala

In 2022, the amount of iron or steel plaited bands and slings imported into Guatemala stood at X tons, with an increase of 11% on the previous year. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 93%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, steel plaited band imports expanded markedly to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 90%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel plaited band to Guatemala, accounting for a 70% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+26.4% per year) and the United States (-1.2% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) constituted the largest steel plaited band suppliers to Guatemala, together accounting for 93% of total imports.

Among the main suppliers, Brazil, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price increased by +29.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 72%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform