Guatemala: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Guatemala

The Guatemalan jute and jute-like fibers market shrank remarkably to less than $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a dramatic descent. Jute and jute-like fibers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Guatemala

In value terms, jute and jute-like fibers production declined modestly to $X in 2022 estimated in export price. The total output 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 in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of jute and jute-like fibers in Guatemala was estimated at less than X kg per ha in 2022, approximately reflecting the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of jute and jute-like fibers were harvested in Guatemala; therefore, remained relatively stable against 2021. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Guatemala

In 2022, approx. X kg of jute and jute-like fibers were exported from Guatemala; with a decrease of X% on the year before. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X kg) and Belize (X kg) were the main destinations of jute and jute-like fibers exports from Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of X%).

In value terms, Honduras ($X) emerged as the key foreign market for jute and jute-like fibers exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Belize ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras amounted to X%.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Belize totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%).

Imports of Jute And Jute-Like Fibers

Imports into Guatemala

For the tenth year in a row, Guatemala recorded decline in supplies from abroad of jute and jute-like fibers, which decreased by X% to X kg in 2022. Overall, imports continue to indicate a precipitous shrinkage. The smallest decline of X% was in 2021. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports reached $X in 2022. Over the period under review, imports faced a deep slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Panama (X kg), El Salvador (X kg) and the United States (X kg) were the main suppliers of jute and jute-like fibers imports to Guatemala.

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

In value terms, the United States ($X) constituted the largest supplier of jute and jute-like fibers to Guatemala, comprising X% of total imports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total imports.

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

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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