Guatemala: Prepared Binders Market 2024

Prepared Binders Market Size in Guatemala

The Guatemalan prepared binders market expanded notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Binders Production in Guatemala

In value terms, prepared binders production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Prepared binders production peaked in 2022 and is expected to retain growth in the near future.

Prepared Binders Exports

Exports from Guatemala

Prepared binders exports from Guatemala skyrocketed to X tons in 2022, growing by X% against 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders exports contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for prepared binders exports from Guatemala, with a X% share of total exports. It was followed by El Salvador (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

In value terms, Mexico ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average prepared binders export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a precipitous setback. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Mexico ($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 United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Binders Imports

Imports into Guatemala

Prepared binders imports into Guatemala totaled X tons in 2022, picking up by X% on 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prepared binders imports rose slightly to $X in 2022. In general, imports, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest prepared binders supplier to Guatemala, with a X% share of total imports. Moreover, prepared binders imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Costa Rica (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), the United States ($X) and Costa Rica ($X) appeared to be the largest prepared binders suppliers to Guatemala, with a combined X% share of total imports.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average prepared binders import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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 Mexico ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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