Guatemala: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Guatemala

In 2022, the Guatemalan corrugated paper box market increased by 4.6% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Corrugated paper box consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Corrugated Paper Box Production in Guatemala

In value terms, corrugated paper box production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Corrugated Paper Box Exports

Exports from Guatemala

In 2022, corrugated paper box exports from Guatemala stood at X tons, approximately mirroring the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, corrugated paper box exports soared to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 corrugated paper box exports from Guatemala, with a 67% share of total exports. Moreover, corrugated paper box exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), sevenfold. El Salvador (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-4.8% per year) and El Salvador (+9.4% per year).

In value terms, the United States ($X) remains the key foreign market for cartons, boxes and cases of corrugated paper or paperboard exports from Guatemala, comprising 59% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 12% share of total exports. It was followed by El Salvador, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-0.2% per year) and El Salvador (+9.5% per year).

Export Prices by Country

In 2022, the average corrugated paper box export price amounted to $X per ton, rising by 27% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Guatemala

For the third year in a row, Guatemala recorded growth in purchases abroad of cartons, boxes and cases of corrugated paper or paperboard, which increased by 54% to X tons in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, corrugated paper box imports soared to $X in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 157% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Costa Rica (X tons), El Salvador (X tons) and the United States (X tons) were the main suppliers of corrugated paper box imports to Guatemala, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), El Salvador ($X) and the United States ($X) were the largest corrugated paper box suppliers to Guatemala, with a combined 92% share of total imports.

Costa Rica, with a CAGR of +38.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average corrugated paper box import price amounted to $X per ton, increasing by 8.7% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, corrugated paper box import price increased by +22.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was El Salvador ($X per ton), while the price for Honduras ($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 (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform