Price for Sulphites; Other than of Sodium in Guatemala - 2023

Price for Sulphites; Other than of Sodium in Guatemala (CIF) - 2022

The average import price for sulphites; other than of sodia stood at $4,941 per ton in 2022, surging by 44% against the previous year. In general, the import price showed a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 78%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Brazil ($6,444 per ton), while the price for China ($3,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sulphites; Other than of Sodium in Guatemala (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $2,151 per ton, surging by 14% against the previous year. Over the period under review, the export price saw tangible growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 180%. Over the period under review, the average export prices attained the peak figure at $2,326 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +65.4% per year.

Imports of Sulphites; Other than of Sodium in Guatemala

In 2022, overseas purchases of sulphites; other than of sodia decreased by -43.2% to 28 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports reached the peak of 66 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphites; other than of sodium imports reduced notably to $139K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year.

Import of Sulphites; Other than of Sodium in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	37.1	99.3	51.1	17.4%
Germany	27.4	40.0	18.1	50.3	22.4%
Brazil	N/A	N/A	10.4	37.6	261.5%
Belgium	14.3	N/A	N/A	N/A	0%
United States	27.5	35.0	41.9	N/A	23.4%
Netherlands	N/A	14.5	N/A	N/A	0%
Others	N/A	N/A	0.1	0.3	200.0%
Total	69.2	127	170	139	26.2%

Top Suppliers of Sulphites; Other than of Sodium to Guatemala in 2022:

China (13.5 tons)
Germany (8.8 tons)
Brazil (5.8 tons)

Exports of Sulphites; Other than of Sodium in Guatemala

In 2022, the amount of sulphites; other than of sodia exported from Guatemala surged to 216 tons, increasing by 27% compared with the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, the exports reached the peak of 262 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphites; other than of sodium exports surged to $464K in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. As a result, the exports reached the peak of $609K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.