Guatemala - Formic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Formic Acid, Its Salts and Esters in Guatemala - 2023
Contents:
- Price for Formic Acid, Its Salts and Esters in Guatemala (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in Guatemala (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in Guatemala
- Exports of Formic Acid, Its Salts and Esters in Guatemala
Price for Formic Acid, Its Salts and Esters in Guatemala (CIF) - 2022
The average import price for formic acid, its salts and esters stood at $1,185 per ton in 2022, increasing by 34% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for formic acid, its salts and esters increased by +96.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 China ($1,322 per ton), while the price for Germany ($875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Formic Acid, Its Salts and Esters in Guatemala (FOB) - 2022
In 2022, the average export price for formic acid, its salts and esters amounted to $2,016 per ton, growing by 51% against the previous year. Overall, the export price posted a measured expansion. The most prominent rate of growth was recorded in 2016 an increase of 97%. Over the period under review, the average export prices reached the maximum at $2,370 per ton in 2020; however, from 2021 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 Panama ($7,524 per ton), while the average price for exports to Honduras ($1,377 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 Panama (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Formic Acid, Its Salts and Esters in Guatemala
Imports of formic acid, its salts and esters into Guatemala surged to 2.2K tons in 2022, picking up by 24% against 2021 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of formic acid, its salts and esters skyrocketed to $2.7M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Formic Acid, Its Salts and Esters in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 312 | 307 | 756 | 1,810 | 79.7% |
| Netherlands | 25.1 | 90.8 | 123 | 372 | 145.6% |
| Germany | 4.5 | 44.8 | 273 | 295 | 303.2% |
| United States | 102 | 49.8 | 168 | 125 | 7.0% |
| Belgium | 43.5 | N/A | 156 | N/A | 89.4% |
| Panama | 282 | 138 | N/A | N/A | -51.1% |
| Others | 13.1 | 34.6 | 118 | 49.2 | 55.4% |
| Total | 783 | 665 | 1,594 | 2,651 | 50.2% |
Top Suppliers of Formic Acid, Its Salts and Esters to Guatemala in 2022:
- China (1369.4 tons)
- Netherlands (361.6 tons)
- Germany (336.8 tons)
- United States (135.8 tons)
Exports of Formic Acid, Its Salts and Esters in Guatemala
After three years of growth, shipments abroad of formic acid, its salts and esters decreased by -33.1% to 45 tons in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 207%. As a result, the exports reached the peak of 67 tons, and then declined remarkably in the following year.
In value terms, exports of formic acid, its salts and esters stood at $91K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 242% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Formic Acid, Its Salts and Esters in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | 2.9 | 4.4 | 27.4 | 207.4% |
| Honduras | 3.7 | 5.5 | 0.5 | 25.7 | 90.8% |
| El Salvador | 1.3 | 2.8 | 25.0 | 13.2 | 116.5% |
| Nicaragua | N/A | 16.3 | 37.3 | 12.8 | -11.4% |
| Panama | 9.8 | 23.6 | 12.2 | 10.5 | 2.3% |
| Mexico | N/A | N/A | 10.1 | N/A | 0% |
| Others | 0.3 | 0.7 | 0.4 | 1.2 | 58.7% |
| Total | 15.2 | 51.8 | 89.9 | 90.7 | 81.4% |
Top Export Markets for Formic Acid, Its Salts and Esters from Guatemala in 2022:
- Honduras (18.6 tons)
- Costa Rica (12.6 tons)
- Nicaragua (7.4 tons)
- El Salvador (4.7 tons)
- Panama (1.4 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters 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 20143250 - Formic acid, its salts and esters
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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