Guatemala: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Guatemala

The Guatemalan acrylic polymer market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Acrylic Polymer Production in Guatemala

In value terms, acrylic polymer production totaled $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Acrylic Polymer Exports

Exports from Guatemala

After three years of decline, shipments abroad of acrylic polymers (in primary forms) increased by X% to X tons in 2022. In general, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, acrylic polymer exports expanded rapidly to $X in 2022. Overall, total exports indicated a noticeable 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 2016 indices. 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 hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Costa Rica (X tons) were the main destinations of acrylic polymer exports from Guatemala, with a combined X% share of total exports. Nicaragua, Panama, Belize, Mexico, Colombia, the United States and the Dominican Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belize (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) were the largest markets for acrylic polymer exported from Guatemala worldwide, with a combined X% share of total exports. Costa Rica, Belize, Panama, Colombia, Mexico, the United States and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belize, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acrylic polymer export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Mexico ($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 Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Guatemala

In 2022, purchases abroad of acrylic polymers (in primary forms) increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, acrylic polymer imports skyrocketed to $X in 2022. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of acrylic polymer to Guatemala, accounting for a X% share of total imports. Moreover, acrylic polymer imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Mexico ($X), the United States ($X) and China ($X) constituted the largest acrylic polymer suppliers to Guatemala, together accounting for X% of total imports. The UK, Colombia, France, South Korea and Germany lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average acrylic polymer import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform