Guatemala: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Guatemala

The Guatemalan metal spring washer market was estimated at $X in 2022, surging by 4.3% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Metal Spring Washer Production in Guatemala

In value terms, metal spring washer production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Metal Spring Washer Exports

Exports from Guatemala

For the third consecutive year, Guatemala recorded growth in shipments abroad of iron or steel spring washers, which increased by 116% to X tons in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 141% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2015 when exports increased by 148%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Costa Rica (X kg) were the main destinations of metal spring washer exports from Guatemala, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +88.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Costa Rica ($X) appeared to be the largest markets for metal spring washer exported from Guatemala worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of +148.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, falling by -13% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 an increase of 266%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Honduras ($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 Costa Rica (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Spring Washer Imports

Imports into Guatemala

In 2022, the amount of iron or steel spring washers imported into Guatemala contracted to X tons, falling by -14.3% against the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal spring washer imports expanded significantly to $X in 2022. Over the period under review, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal spring washer supplier to Guatemala, with a 77% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.7% per year) and the United States (-8.5% per year).

In value terms, the largest metal spring washer suppliers to Guatemala were China ($X), the United States ($X) and Mexico ($X), together accounting for 73% of total imports. India, Taiwan (Chinese), Colombia, Honduras and Panama lagged somewhat behind, together accounting for a further 7.3%.

In terms of the main suppliers, Honduras, with a CAGR of +20.7%, saw 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 metal spring washer import price stood at $X per ton in 2022, with an increase of 25% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price increased by +37.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 the United States ($X per ton), while the price for Honduras ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform