Guatemala: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Guatemala

The Guatemalan market for butanols (excluding butan-1-ol (n-butyl alcohol)) fell markedly to $X in 2022, with a decrease of -98.9% 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, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Guatemala

Butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Guatemala reached X kg in 2022, with an increase of 2.9% on 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 when exports increased by 2,358%. The exports peaked at X kg in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 2,220%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Guatemala, accounting for a 97% share of total exports. It was followed by El Salvador (X kg), with a 2.9% share of total exports.

From 2018 to 2022, the average annual growth rate of volume to Panama totaled +187.2%.

In value terms, Panama ($X) emerged as the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Guatemala, comprising 84% of total exports. The second position in the ranking was held by El Salvador ($X), with a 16% share of total exports.

From 2018 to 2022, the average annual growth rate of value to Panama totaled +148.6%.

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price, however, faced a deep reduction. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Panama totaled $X per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+72.4%), while the prices for the other major destinations experienced a decline.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Guatemala

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Guatemala shrank remarkably to X kg in 2022, reducing by -98.9% compared with 2021. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 2,471% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports reduced sharply to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 1,355% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, the United States (X kg) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Guatemala, accounting for a 86% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. India (X kg) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.0% per year) and India (+36.2% per year).

In value terms, the United States ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Guatemala, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+93.4% per year) and India (+26.7% per year).

Import Prices by Country

In 2022, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, picking up by 2,342% against the previous year. In general, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform