Guatemala: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Guatemala

For the fifth consecutive year, the Guatemalan market for floor, wall or ceiling coverings of plastics recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted prominent growth. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Guatemala

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics increased by X% to X square meters, rising for the sixth year in a row after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

El Salvador (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Guatemala, accounting for a X% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to El Salvador exceeded the volume sent to the second major destination, Honduras (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: Honduras (X% per year) and Belize (X% per year).

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from Guatemala were El Salvador ($X), Honduras ($X) and Belize ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, dropping by X% against the previous year. Overall, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 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 Belize ($X per square meter), while the average price for exports to El Salvador ($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 Honduras (X%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Guatemala

For the fifth year in a row, Guatemala recorded growth in purchases abroad of floor, wall or ceiling coverings of plastics, which increased by X% to X square meters in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of floor, wall or ceiling coverings of plastics soared to $X in 2022. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Guatemala, with a X% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Mexico (X square meters), tenfold. The third position in this ranking was taken by Spain (X square meters), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, picking up by X% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Costa Rica ($X per square meter), while the price for Spain ($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 Costa Rica (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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