Guatemala: Plaster Article Market 2024

Plaster Article Market Size in Guatemala

The Guatemalan plaster article market stood at $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a buoyant expansion. Plaster article consumption peaked in 2022 and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Guatemala

In 2022, after two years of growth, there was significant decline in shipments abroad of articles of plaster or of compositions based on plaster, when their volume decreased by X% to X square meters. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2021, and then dropped in the following year.

In value terms, plaster article exports rose modestly to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

El Salvador (X square meters) was the main destination for plaster article exports from Guatemala, with a X% share of total exports. Moreover, plaster article exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X square meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Honduras (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average plaster article export price stood at $X per square meter in 2022, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Guatemala

Plaster article imports into Guatemala rose markedly to X square meters in 2022, surging by X% on the year before. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plaster article imports stood at $X in 2022. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X square meters) constituted the largest supplier of plaster article to Guatemala, with a X% share of total imports. Moreover, plaster article imports from Mexico exceeded the figures recorded by the second-largest supplier, Honduras (X square meters), fivefold.

From 2012 to 2022, 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: Honduras (X% per year) and China (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of articles of plaster or of compositions based on plaster to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Honduras ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average plaster article import price amounted to $X per square meter, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked 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 China ($X per square meter), while the price for Honduras ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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