Guatemala: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Guatemala

In 2022, after two years of growth, there was significant decline in the Guatemalan adhesive bandage market, when its value decreased by -6.1% to $X. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Adhesive Bandage Production in Guatemala

In value terms, adhesive bandage production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 40%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Adhesive Bandage Exports

Exports from Guatemala

In 2022, approx. X tons of adhesive bandages were exported from Guatemala; with an increase of 97% compared with the previous year. In general, exports enjoyed a slight increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for adhesive bandage exports from Guatemala, accounting for a 60% share of total exports. Moreover, adhesive bandage exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), fivefold. The third position in this ranking was taken by El Salvador (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+1.0% per year) and El Salvador (+14.6% per year).

In value terms, the United States ($X) remains the key foreign market for adhesive bandages exports from Guatemala, comprising 63% of total exports. The second position in the ranking was held by Honduras ($X), with an 18% share of total exports. It was followed by Costa Rica, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+43.2% per year) and Costa Rica (+0.7% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, which is down by -7% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador ($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 Honduras (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Adhesive Bandage Imports

Imports into Guatemala

In 2022, purchases abroad of adhesive bandages increased by 1.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, adhesive bandage imports expanded slightly to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 50%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Colombia (X tons) were the main suppliers of adhesive bandage imports to Guatemala, with a combined 87% share of total imports. These countries were followed by El Salvador, Panama and Egypt, which together accounted for a further 10%.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +36.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of adhesive bandages to Guatemala, comprising 64% of total imports. The second position in the ranking was held by Colombia ($X), with a 14% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-1.0% per year) and China (+8.1% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, with an increase of 2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 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 the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform