Guatemala: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Guatemala

The Guatemalan ammonia in aqueous solution market rose sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a prominent expansion. Ammonia in aqueous solution consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ammonia In Aqueous Solution in Guatemala

In value terms, ammonia in aqueous solution production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports from Guatemala

In 2022, shipments abroad of ammonia in aqueous solution increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X tons) was the main destination for ammonia in aqueous solution exports from Guatemala, accounting for a X% share of total exports. Moreover, ammonia in aqueous solution exports to El Salvador exceeded the volume sent to the second major destination, the Dominican Republic (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X.6% per year) and Nicaragua (X% per year).

In value terms, the largest markets for ammonia in aqueous solution exported from Guatemala were the Dominican Republic ($X), El Salvador ($X) and Nicaragua ($X), with a combined X% share of total exports.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ammonia in aqueous solution export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the Dominican Republic ($X per ton), while the average price for exports to Nicaragua ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports into Guatemala

In 2022, purchases abroad of ammonia in aqueous solution increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate noticeable growth. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ammonia in aqueous solution imports surged to $X in 2022. Overall, imports continue to indicate prominent growth. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X kg), Germany (X kg) and the United States (X kg) were the main suppliers of ammonia in aqueous solution imports to Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest ammonia in aqueous solution suppliers to Guatemala were Germany ($X), Mexico ($X) and the United States ($X).

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ammonia in aqueous solution import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced notably 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 Germany ($X per ton), while the price for Mexico ($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 mixed trend patterns.

Source: IndexBox Platform