Guatemala: Market for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) in Guatemala

In 2023, after five years of growth, there was significant decline in the Guatemalan market for acrylic polymers, in primary forms (excluding polymethyl methacrylate), when its value decreased by X% to $X. In general, consumption, however, recorded a resilient expansion. Consumption of peaked at $X in 2022, and then shrank sharply in the following year.

Exports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Exports from Guatemala

In 2023, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a slight descent. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined to $X in 2023. In general, total exports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2022, and then contracted modestly in the following year.

Exports by Country

Costa Rica (X tons), El Salvador (X tons) and Honduras (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Guatemala, with a combined X% share of total exports. Nicaragua, Belize, Peru, the United States, the Dominican Republic and Colombia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Belize (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Costa Rica ($X) and Honduras ($X) were the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Guatemala worldwide, together accounting for X% of total exports. Belize, Nicaragua, the Dominican Republic, Peru, Colombia and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belize, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, showed temperate growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Imports into Guatemala

In 2023, after five years of growth, there was significant decline in supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2022, and then shrank in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined sharply to $X in 2023. In general, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

In 2023, Mexico (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Guatemala, with a X% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Guatemala, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform