Guatemala: Alumina Market 2024

Alumina Market Size in Guatemala

The Guatemalan alumina market soared to $X in 2022, rising by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Alumina Exports

Exports from Guatemala

In 2022, shipments abroad of alumina increased by 251% to X kg for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 3,649% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, alumina exports skyrocketed to $X in 2022. Overall, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,320% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X kg) was the main destination for alumina exports from Guatemala, with a 87% share of total exports. Moreover, alumina exports to Nicaragua exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold. Honduras (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+4.6% per year) and Honduras (-39.6% per year).

In value terms, El Salvador ($X) emerged as the key foreign market for alumina exports from Guatemala, comprising 48% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 23% share of total exports. It was followed by Honduras, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-19.0% per year) and Honduras (-34.8% per year).

Export Prices by Country

The average alumina export price stood at $X per ton in 2022, jumping by 20% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 251% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (+65.4%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Guatemala

In 2022, the amount of alumina imported into Guatemala soared to X tons, with an increase of 45% on the previous year's figure. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 216% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, alumina imports surged to $X in 2022. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 119%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and the United States (X tons) were the main suppliers of alumina imports to Guatemala, together accounting for 91% of total imports. These countries were followed by China and Mexico, which together accounted for a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of alumina to Guatemala, comprising 65% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.1% per year) and France (+12.7% per year).

Import Prices by Country

The average alumina import price stood at $X per ton in 2022, reducing by -10.6% against the previous year. Over the period under review, the import price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform