Guatemala: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Guatemala

In 2022, the Guatemalan articles of fiber cement market increased by 3.4% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Guatemala

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Guatemala skyrocketed to X tons, growing by 264% compared with the previous year's figure. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 423%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, articles of fiber cement exports soared to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 189%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for articles of fiber cement exports from Guatemala, accounting for a 95% share of total exports. Moreover, articles of fiber cement exports to Honduras exceeded the volume sent to the second major destination, Belize (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled +33.8%.

In value terms, Honduras ($X) emerged as the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Guatemala, comprising 84% of total exports. The second position in the ranking was taken by Belize ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +25.2%.

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, falling by -61.6% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 171% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Honduras stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Guatemala

In 2022, supplies from abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 3.3% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, articles of fiber cement imports totaled $X in 2022. In general, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, El Salvador (X tons) constituted the largest articles of fiber cement supplier to Guatemala, with a 66% share of total imports. Moreover, articles of fiber cement imports from El Salvador exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), fourfold. The third position in this ranking was taken by Honduras (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from El Salvador amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+257.8% per year) and Honduras (+7.9% per year).

In value terms, El Salvador ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Guatemala, comprising 63% of total imports. The second position in the ranking was taken by Ecuador ($X), with an 18% share of total imports. It was followed by Honduras, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from El Salvador totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+313.5% per year) and Honduras (+12.0% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, growing by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2014 an increase of 9.5%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Ecuador ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform