Report Update Apr 1, 2024

Guatemala - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Silver Nitrate Market 2024

Silver Nitrate Market Size in Guatemala

For the fourth consecutive year, the Guatemalan silver nitrate market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a significant expansion. Silver nitrate consumption peaked in 2022 and is likely to see gradual growth in years to come.

Silver Nitrate Production in Guatemala

In value terms, silver nitrate production soared to $X in 2022 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X,400% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Silver Nitrate Exports

Exports from Guatemala

In 2022, approx. X kg of silver nitrate were exported from Guatemala; with a decrease of X% on 2021. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, silver nitrate exports contracted to $X in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X kg) was the main destination for silver nitrate exports from Guatemala, with a X% share of total exports. Moreover, silver nitrate exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X kg), eightfold.

From 2017 to 2022, the average annual growth rate of volume to El Salvador amounted to X%.

In value terms, El Salvador ($X) remains the key foreign market for silver nitrate exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to El Salvador amounted to X%.

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external 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 El Salvador totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Guatemala

Silver nitrate imports into Guatemala declined to X tons in 2022, dropping by X% on the previous year. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, silver nitrate imports surged to $X in 2022. Over the period under review, imports, however, showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of silver nitrate to Guatemala, with a X% share of total imports. Moreover, silver nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, North Macedonia (X kg), more than tenfold. Mexico (X kg) 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 Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and Mexico (X% per year).

In value terms, Germany ($X) constituted the largest supplier of silver nitrate to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with an X% share of total imports. It was followed by North Macedonia, with an X% share.

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

Import Prices by Country

In 2022, the average silver nitrate import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a deep contraction. Over the period under review, average import prices reached the peak figure at $X per ton 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 Mexico ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver nitrate in the world?

The countries with the highest volumes of consumption in 2023 were Brazil, Canada and Belgium, together comprising 43% of global consumption. France, the UK, Italy, Suriname, Poland, Singapore, India, Germany, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 39%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of production in 2022 were the Netherlands, France and the UK, together accounting for 58% of global production.

What are the leading suppliers of silver nitrate to Guatemala?

In value terms, Germany constituted the largest supplier of silver nitrate to Guatemala, comprising 69% of total imports. The second position in the ranking was held by Mexico, with an 18% share of total imports. It was followed by North Macedonia, with an 11% share.

What are the leading importers of silver nitrate from Guatemala?

In value terms, El Salvador remains the key foreign market for silver nitrate exports from Guatemala, comprising 85% of total exports. The second position in the ranking was taken by Honduras, with a 15% share of total exports.

What is the average export price for silver nitrate in Guatemala?

In 2022, the average silver nitrate export price amounted to $36,108 per ton, increasing by 30% against the previous year.

What is the average import price for silver nitrate in Guatemala?

In 2022, the average silver nitrate import price amounted to $50,559 per ton, with an increase of 111% against the previous year.

This report provides an in-depth analysis of the silver nitrate market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135183 - Silver nitrate

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023