Report Update Apr 1, 2024

Guatemala - Artificial Corundum - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Artificial Corundum Market 2024

Artificial Corundum Market Size in Guatemala

The Guatemalan artificial corundum market expanded slightly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Artificial corundum consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Artificial Corundum Production in Guatemala

In value terms, artificial corundum production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Artificial corundum production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports from Guatemala

After two years of decline, overseas shipments of artificial corundum decreased by X% to X kg in 2020. In general, exports continue to indicate a precipitous curtailment. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2020, the exports failed to regain momentum.

In value terms, artificial corundum exports contracted dramatically to $X in 2020. Over the period under review, exports faced a precipitous setback. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for artificial corundum exports from Guatemala, accounting for a approx. X% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Costa Rica was relatively modest.

In value terms, Costa Rica ($X) emerged as the key foreign market for artificial corundum exports from Guatemala.

From 2015 to 2020, the average annual growth rate of value to Costa Rica was relatively modest.

Export Prices by Country

In 2020, the average artificial corundum export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2015 to 2020, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Artificial Corundum Imports

Imports into Guatemala

In 2022, artificial corundum imports into Guatemala surged to X tons, increasing by X% on the year before. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, artificial corundum imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) was the main supplier of artificial corundum to Guatemala, accounting for a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to X%.

In value terms, Mexico ($X) constituted the largest supplier of artificial corundum to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled X%.

Import Prices by Country

In 2022, the average artificial corundum import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for Mexico stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial corundum in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 40% of global consumption.

What are the largest producers of artificial corundum in the world?

China remains the largest artificial corundum producing country worldwide, accounting for 44% of total volume. Moreover, artificial corundum production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was held by the United States, with a 7% share.

What are the leading suppliers of artificial corundum to Guatemala?

In value terms, Mexico constituted the largest supplier of artificial corundum to Guatemala, comprising 81% of total imports. The second position in the ranking was taken by Germany, with a 19% share of total imports.

What are the leading importers of artificial corundum from Guatemala?

In value terms, Costa Rica $224) emerged as the key foreign market for artificial corundum exports from Guatemala.

What is the average export price for artificial corundum in Guatemala?

In 2020, the average artificial corundum export price amounted to $2,800 per ton, increasing by 30% against the previous year.

What is the average import price for artificial corundum in Guatemala?

In 2022, the average artificial corundum import price amounted to $2,919 per ton, increasing by 29% against the previous year.

This report provides an in-depth analysis of the artificial corundum market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991500 - Artificial corundum (excluding mechanical mixtures)

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023