Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala (FOB) - 2023
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala (CIF) - 2022
3. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala
4. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala (FOB) - 2023

In October 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $1,923 per ton, waning by -7.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 20% month-to-month. As a result, the export price attained the peak level of $2,448 per ton. From August 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In October 2023, the highest price was recorded for prices to Honduras ($2,089 per ton) and Nicaragua ($2,027 per ton), while the average price for exports to El Salvador ($1,560 per ton) and the Dominican Republic ($2,016 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 El Salvador (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala (CIF) - 2022

In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,930 per ton, surging by 15% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 28%. As a result, import price reached the peak level of $7,571 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($9,207 per ton), while the price for China ($2,878 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala

In 2022, after three years of growth, there was decline in overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium, when their volume decreased by -1.5% to 12K tons. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 6.4% against the previous year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium soared to $23M in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Guatemala in 2022:

1. Nicaragua (4.9K tons)
2. Honduras (3.7K tons)
3. El Salvador (2.7K tons)
4. Dominican Republic (0.5K tons)

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Guatemala

For the fourth year in a row, Guatemala recorded growth in supplies from abroad of paints and varnishes, based on polyesters, non-aqueous medium, which increased by 3.7% to 3.6K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium soared to $14M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Guatemala in 2022:

1. El Salvador (1705.6 tons)
2. China (782.0 tons)
3. Mexico (609.5 tons)
4. Costa Rica (192.7 tons)
5. United States (151.5 tons)
6. Spain (59.0 tons)

Source: IndexBox Market Intelligence Platform