Guatemala: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in Guatemala

The Guatemalan cotton (carded or combed) market soared to $X in 2022, growing by 4,735% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Cotton (Carded Or Combed) in Guatemala

In value terms, cotton (carded or combed) production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 56%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Cotton (Carded Or Combed)

Exports from Guatemala

In 2022, exports of cotton (carded or combed) from Guatemala plummeted to X tons, with a decrease of -70.3% compared with 2021. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2017 with an increase of 1,434% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, cotton (carded or combed) exports contracted sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 878% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

El Salvador (X tons) was the main destination for cotton (carded or combed) exports from Guatemala, accounting for a 100% share of total exports. It was followed by Honduras (X kg), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to +68.7%.

In value terms, El Salvador ($X) remains the key foreign market for cotton (carded or combed) exports from Guatemala, comprising 99% of total exports. The second position in the ranking was taken by Honduras ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at +69.8%.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+18.0%).

Imports of Cotton (Carded Or Combed)

Imports into Guatemala

Cotton (carded or combed) imports into Guatemala soared to X tons in 2022, increasing by 279% on 2021 figures. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 28,900%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports soared to $X in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 25,791%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest cotton (carded or combed) supplier to Guatemala, with a 77% share of total imports. Moreover, cotton (carded or combed) imports from the United States exceeded the figures recorded by the second-largest supplier, El Salvador (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +355.1%.

In value terms, the United States ($X) constituted the largest supplier of cotton (carded or combed) to Guatemala, comprising 73% of total imports. The second position in the ranking was held by El Salvador ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +447.7%.

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, growing by 6.5% against the previous year. Overall, the import price, however, recorded a mild curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was El Salvador ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform