Guatemala: Refined Copper Market 2025

Refined Copper Market Size in Guatemala

The Guatemalan refined copper market contracted modestly to $X in 2022, falling by -1.6% against the previous year. Overall, consumption, however, recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Refined Copper Production in Guatemala

In value terms, refined copper production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Refined Copper Exports

Exports from Guatemala

In 2016, refined copper exports from Guatemala rose modestly to X tons, increasing by 3.8% against the previous year. In general, exports enjoyed a significant expansion. The exports peaked at X tons in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

In value terms, refined copper exports amounted to $X in 2016. Over the period under review, exports showed a significant expansion. The smallest decline of -74.1% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for refined copper exports from Guatemala, with a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for refined copper (unwrought, not alloyed) exports from Guatemala.

From 2012 to 2016, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average refined copper export price stood at $X per ton in 2016, shrinking by -3.7% against the previous year. Over the period under review, the export price showed a drastic downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2016, the rate of growth in terms of prices for the UK amounted to -6.1% per year.

Refined Copper Imports

Imports into Guatemala

In 2022, after two years of growth, there was significant decline in supplies from abroad of refined copper (unwrought, not alloyed), when their volume decreased by -93.1% to X kg. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 1,768%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, refined copper imports dropped sharply to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 2,168%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X kg), Panama (X kg) and the United States (X kg) were the main suppliers of refined copper imports to Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest refined copper suppliers to Guatemala were Japan ($X), Panama ($X) and the United States ($X), together accounting for 99.9% of total imports.

Japan, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average refined copper import price amounted to $X per ton, rising by 76% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 84% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+80.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform