Guatemala: Market for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms 2024

Market Size for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Guatemala

In 2023, the Guatemalan market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption, however, enjoyed a pronounced expansion. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Exports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Exports from Guatemala

In 2023, approx. X kg of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms were exported from Guatemala; approximately reflecting 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X in 2023. In general, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

El Salvador (X kg) was the main destination for exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Guatemala, accounting for a X% share of total exports. Moreover, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to El Salvador exceeded the volume sent to the second major destination, Honduras (X kg), eightfold.

From 2012 to 2023, the average annual growth rate of volume to El Salvador stood at X%.

In value terms, Honduras ($X) and El Salvador ($X) constituted the largest markets for vinyl chloride-vinyl acetate and other vinyl chloride copolymers exported from Guatemala worldwide.

In terms of the main countries of destination, El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2023, leveling off at the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced a decline.

Imports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Imports into Guatemala

In 2023, after three years of growth, there was significant decline in purchases abroad of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms, when their volume decreased by X% to X tons. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms fell remarkably to $X in 2023. In general, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of vinyl chloride-vinyl acetate and other vinyl chloride copolymers to Guatemala, accounting for a X% share of total imports. Moreover, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by Honduras (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Honduras (X% per year).

In value terms, the largest vinyl chloride-vinyl acetate and other vinyl chloride copolymers suppliers to Guatemala were China ($X), Germany ($X) and Honduras ($X), with a combined X% share of total imports. Mexico and the United States lagged somewhat behind, together accounting for a further X%.

Mexico, 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 more modest paces of growth.

Import Prices by Country

In 2023, the average import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform