Guatemala: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Guatemala

The Guatemalan market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted remarkably to $X in 2022, dropping by -29.8% 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, saw a measured increase. Over the period under review, the market attained the peak level at $X in 2021, and then declined dramatically in the following year.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Guatemala

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Guatemala surged to X tons, jumping by 1,214% on the previous year. In general, exports showed a resilient expansion. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Guatemala, with a 65% share of total exports. Moreover, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Costa Rica exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold. The third position in this ranking was taken by El Salvador (X kg), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+15.6% per year) and El Salvador (+10.7% per year).

In value terms, Nicaragua ($X), Costa Rica ($X) and Honduras ($X) were the largest markets for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Guatemala worldwide, together comprising 96% of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +14.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, which is down by -26.9% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 53%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Costa Rica ($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 Honduras (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Guatemala

In 2022, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid into Guatemala declined significantly to X tons, shrinking by -35.9% on the previous year. In general, imports, however, recorded tangible growth. The growth pace was the most rapid in 2017 when imports increased by 124%. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid contracted dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 113% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Guatemala, accounting for a 61% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and South Korea (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Guatemala, comprising 58% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and South Korea (-7.1% per year).

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, surging by 14% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform