Guatemala: Cement Clinker Market 2024

Cement Clinker Market Size in Guatemala

The Guatemalan cement clinker market contracted modestly to $X in 2022, declining by -2.8% against the previous year. Overall, consumption recorded modest growth. Cement clinker consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cement Clinker Production in Guatemala

In value terms, cement clinker production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Cement Clinker Exports

Exports from Guatemala

In 2022, the amount of cement clinker exported from Guatemala surged to X tons, picking up by 15% compared with 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 4,122,122%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cement clinker exports surged to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,899,660%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Belize (X tons) was the main destination for cement clinker exports from Guatemala, with a 72% share of total exports. Moreover, cement clinker exports to Belize exceeded the volume sent to the second major destination, Honduras (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belize totaled +319.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+132.7% per year) and El Salvador (+52.3% per year).

In value terms, Belize ($X) emerged as the key foreign market for cement clinker exports from Guatemala, comprising 71% of total exports. The second position in the ranking was taken by Honduras ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belize amounted to +233.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+133.5% per year) and El Salvador (+57.3% per year).

Export Prices by Country

The average cement clinker export price stood at $X per ton in 2022, rising by 2.8% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 375% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador ($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 El Salvador (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Clinker Imports

Imports into Guatemala

In 2022, after three years of decline, there was significant growth in overseas purchases of cement clinker, when their volume increased by 56% to X tons. In general, imports saw a notable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 205%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports plummeted to $X in 2022. Over the period under review, imports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 270% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Honduras (X tons) constituted the largest cement clinker supplier to Guatemala, accounting for a 74% share of total imports. Moreover, cement clinker imports from Honduras exceeded the figures recorded by the second-largest supplier, Panama (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Honduras totaled +69.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (0.0% per year) and Vietnam (-54.3% per year).

In value terms, the largest cement clinker suppliers to Guatemala were Honduras ($X), Panama ($X) and Vietnam ($X), together comprising 100% of total imports.

In terms of the main suppliers, Honduras, with a CAGR of +51.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cement clinker import price amounted to $X per ton, dropping by -46.9% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price attained the peak level of $X per ton, and then contracted significantly 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 Vietnam ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform