Report Update: Apr 1, 2024

Guatemala - Borates - Market Analysis, Forecast, Size, Trends And Insights

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Borates Price in Guatemala - 2023

Borates Price in Guatemala (FOB) - 2023

In October 2023, the average borates export price amounted to $849 per ton, with a decrease of -4.3% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 7.7% month-to-month. Over the period under review, the average export prices attained the maximum at $903 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Mexico ($1,015 per ton), while the average price for exports to Brazil amounted to $825 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Borates Price in Guatemala (CIF) - 2023

The average borates import price stood at $901 per ton in October 2023, surging by 32% against the previous month. In general, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in August 2023 an increase of 55% month-to-month. Over the period under review, average import prices reached the maximum at $1,709 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($1,274 per ton), while the price for the United States stood at $823 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Peru (-1.4%), while the prices for the other major suppliers experienced a decline.

Borates Exports in Guatemala

In 2022, borates exports from Guatemala surged to 22K tons, picking up by 148% compared with the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 551%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, borates exports soared to $16M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 461%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Borates in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	0.1	0.3	3.1	9.7	359.5%
Mexico	0.1	0.3	1.5	4.2	247.6%
Costa Rica	N/A	N/A	0.1	1.3	1200.0%
Nicaragua	N/A	0.2	0.5	0.7	87.1%
Honduras	N/A	N/A	0.2	0.3	50.0%
Others	0.2	0.2	0.3	0.3	14.5%
Total	0.6	1.0	5.7	16.4	201.2%

Top Export Markets for Borates from Guatemala in 2022:

Brazil (14.1K tons)
Mexico (4.7K tons)
Costa Rica (1.4K tons)
Nicaragua (0.8K tons)
Honduras (0.3K tons)

Borates Imports in Guatemala

After three years of growth, overseas purchases of borates decreased by -24.5% to 21K tons in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 192%.

In value terms, borates imports reached $16M in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 154%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Import of Borates in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	0.3	4.2	13.4	13.5	255.7%
United States	0.5	1.1	0.9	1.0	26.0%
Peru	0.3	0.5	0.5	0.6	26.0%
Malaysia	0.6	0.1	N/A	N/A	-83.3%
Chile	0.3	0.2	N/A	N/A	-33.3%
Others	0.4	0.2	0.5	0.4	0.0%
Total	2.5	6.3	15.2	15.5	83.7%

Top Suppliers of Borates to Guatemala in 2022:

Turkey (18.4K tons)
United States (1.2K tons)
Peru (0.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the borates market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20136230 - Borates, peroxoborates (perborates)

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023