Guatemala: Plastic Support Market 2024

Plastic Support Market Size in Guatemala

The Guatemalan plastic support market rose modestly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Plastic support consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plastic Support Production in Guatemala

In value terms, plastic support production rose to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Plastic support production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Guatemala

In 2022, overseas shipments of spools, cops and similar supports of plastics increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic support exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

El Salvador (X tons), Nicaragua (X tons) and Honduras (X tons) were the main destinations of plastic support exports from Guatemala, with a combined X% share of total exports. Costa Rica, Peru, Panama, Jamaica, the United States, Mexico and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Nicaragua ($X) and Honduras ($X) constituted the largest markets for plastic support exported from Guatemala worldwide, together accounting for X% of total exports. Costa Rica, Peru, Panama, Jamaica, the United States, Mexico and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 plastic support export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Panama ($X per ton), while the average price for exports to the United States ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Guatemala

In 2022, plastic support imports into Guatemala skyrocketed to X tons, rising by X% against the previous year. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic support imports skyrocketed to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Mexico (X tons) constituted the largest plastic support supplier to Guatemala, accounting for a X% share of total imports. Moreover, plastic support imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by El Salvador (X tons), with a X% share.

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

In value terms, Mexico ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Guatemala, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by El Salvador, with an X% share.

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

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

Frequently Asked Questions (FAQ) :