Guatemala: Iodine Market 2024

Iodine Market Size in Guatemala

The Guatemalan iodine market surged to $X in 2022, increasing by X% against the previous year. In general, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Iodine Production in Guatemala

In value terms, iodine production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Iodine production peaked in 2022 and is expected to retain growth in years to come.

Iodine Exports

Exports from Guatemala

In 2022, shipments abroad of iodine increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, iodine exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for iodine exports from Guatemala, accounting for a X% share of total exports. Moreover, iodine exports to the Dominican Republic exceeded the volume sent to the second major destination, Honduras (X tons), twofold. The third position in this ranking was held by El Salvador (X tons), with a X% share.

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

In value terms, the Dominican Republic ($X) remains the key foreign market for iodine exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to El Salvador ($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 Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into Guatemala

In 2022, approx. X tons of iodine were imported into Guatemala; dropping by X% compared with 2021 figures. Overall, imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, iodine imports contracted significantly to $X in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of iodine to Guatemala, accounting for a X% share of total imports. Moreover, iodine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Chile (X kg), with a X% share.

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

In value terms, the largest iodine suppliers to Guatemala were Chile ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 iodine import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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