Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala - 2023

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala (CIF) - 2022
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala (FOB) - 2023
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala (CIF) - 2022

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,644 per ton, increasing by 21% against the previous year. Overall, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 29%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was El Salvador ($29,227 per ton), while the price for India ($1,194 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+52.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala (FOB) - 2023

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $6,920 per ton in October 2023, shrinking by -1.6% against the previous month. In general, the export price, however, posted a pronounced increase. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 96% against the previous month. As a result, the export price reached the peak level of $10,457 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were Costa Rica ($7,658 per ton) and Nicaragua ($7,420 per ton), while the average price for exports to Honduras ($5,487 per ton) and El Salvador ($7,062 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala

In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Guatemala surged to 961 tons, increasing by 27% against the previous year. The total import volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $5.4M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Guatemala in 2022:

1. China (345.4 tons)
2. Honduras (168.2 tons)
3. Egypt (151.1 tons)
4. Sudan (111.4 tons)
5. India (53.9 tons)
6. El Salvador (44.6 tons)
7. Austria (41.5 tons)
8. Germany (5.5 tons)

Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Guatemala

After three years of growth, overseas shipments of lac; natural gums, resins, gum-resins and balsamses decreased by -5.8% to 213 tons in 2022. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $1.1M in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Guatemala in 2022:

1. El Salvador (94.8 tons)
2. Honduras (53.5 tons)
3. Costa Rica (26.3 tons)
4. Nicaragua (13.8 tons)
5. Dominican Republic (11.9 tons)
6. Panama (8.0 tons)
7. United Kingdom (3.4 tons)

Source: IndexBox Market Intelligence Platform