Guatemala: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Guatemala

The Guatemalan market for compounds with other nitrogen function (excluding isocyanates) surged to $X in 2022, increasing 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). Over the period under review, consumption posted a significant increase. Compounds with other nitrogen function consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Guatemala

In 2022, exports of compounds with other nitrogen function (excluding isocyanates) from Guatemala dropped to X tons, shrinking by X% compared with 2021 figures. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports skyrocketed to $X in 2022. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of compounds with other nitrogen function exports from Guatemala, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for compounds with other nitrogen function exported from Guatemala were Honduras ($X), El Salvador ($X) and Nicaragua ($X), with a combined X% share of total exports.

El Salvador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Guatemala

In 2022, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of compounds with other nitrogen function to Guatemala, accounting for a X% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, Switzerland ($X), China ($X) and the United States ($X) constituted the largest compounds with other nitrogen function suppliers to Guatemala, together comprising X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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 Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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