Guatemala: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Guatemala

The Guatemalan casein glue and caseinates market totaled $X in 2022, surging by 6.3% against the previous year. Over the period under review, consumption enjoyed temperate growth. Casein glue and caseinates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Guatemala

In value terms, casein glue and caseinates production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a measured increase. The growth pace was the most rapid in 2020 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Guatemala

In 2022, casein glue and caseinates exports from Guatemala reduced modestly to X tons, stabilizing at 2021. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,634% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, casein glue and caseinates exports soared to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,983% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons) was the main destination for casein glue and caseinates exports from Guatemala, with a 76% share of total exports. Moreover, casein glue and caseinates exports to Costa Rica exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica stood at -3.6%.

In value terms, Costa Rica ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Guatemala, comprising 70% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica stood at +6.8%.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, rising by 66% against the previous year. Overall, the export price, however, continues to indicate a slight descent. 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 failed to regain momentum.

Average prices varied somewhat for the major external 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 Costa Rica totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Guatemala

In 2022, imports of casein glues and caseinates and other casein derivatives into Guatemala fell to X tons, with a decrease of -13.6% on the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 133%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports declined to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of casein glue and caseinates to Guatemala, with a 96% share of total imports. Moreover, casein glue and caseinates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and the United States (-33.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Guatemala, comprising 94% of total imports. The second position in the ranking was held by Malaysia ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and the United States (-31.6% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 132% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Malaysia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform