Guatemala - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Guatemala - 2023
Contents:
- Potassium Sulphate (SOP) Price in Guatemala (CIF) - 2022
- Potassium Sulphate (SOP) Price in Guatemala (FOB) - 2022
- Potassium Sulphate (SOP) Imports in Guatemala
- Potassium Sulphate (SOP) Exports in Guatemala
Potassium Sulphate (SOP) Price in Guatemala (CIF) - 2022
The average potassium sulphate (SOP) import price stood at $1,176 per ton in 2022, jumping by 80% against the previous year. In general, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($1,404 per ton), while the price for China ($660 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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Guatemala (FOB) - 2022
In 2022, the average potassium sulphate (SOP) export price amounted to $1,610 per ton, picking up by 64% against the previous year. Overall, the export price showed slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($1,675 per ton), while the average price for exports to Nicaragua amounted to $673 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+9.3%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (SOP) Imports in Guatemala
After three years of growth, supplies from abroad of potassium sulphate (SOP) decreased by -48.5% to 2.7K tons in 2022. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 4.9% against the previous year. As a result, imports reached the peak of 5.3K tons, and then dropped sharply in the following year.
In value terms, potassium sulphate (SOP) imports reduced to $3.2M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, imports reached the peak of $3.4M, and then fell in the following year.
| Import of Potassium Sulphate (SOP) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,311 | 741 | 1,395 | 2,618 | 25.9% |
| China | 1,014 | 1,479 | 1,737 | 409 | -26.1% |
| Sweden | 94.2 | 222 | 145 | 70.1 | -9.4% |
| Honduras | 280 | 58.8 | 156 | N/A | -25.4% |
| Others | 9.4 | 0.2 | 1.3 | 86.2 | 109.3% |
| Total | 2,708 | 2,501 | 3,434 | 3,183 | 5.5% |
Top Suppliers of Potassium Sulphate (SOP) to Guatemala in 2022:
- Belgium (1987.9 tons)
- China (619.3 tons)
- Sweden (49.9 tons)
Potassium Sulphate (SOP) Exports in Guatemala
In 2022, overseas shipments of potassium sulphate (SOP) were finally on the rise to reach 137 tons after two years of decline. Over the period under review, exports, however, showed a abrupt curtailment.
In value terms, potassium sulphate (SOP) exports skyrocketed to $221K in 2022. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Potassium Sulphate (SOP) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belize | 150 | 52.1 | 79.5 | 215 | 12.7% |
| Nicaragua | N/A | 1.6 | 3.3 | 5.9 | 92.0% |
| El Salvador | 15.5 | 11.4 | N/A | N/A | -26.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 166 | 65.0 | 82.8 | 221 | 10.0% |
Top Export Markets for Potassium Sulphate (SOP) from Guatemala in 2022:
- Belize (128.6 tons)
- Nicaragua (8.8 tons)
This report provides an in-depth analysis of the potassium sulphate (sop) 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:
- FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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