Guatemala: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Guatemala

In 2022, the Guatemalan diphosphorus pentaoxide market increased by 7.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a significant expansion. Diphosphorus pentaoxide consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Diphosphorus Pentaoxide Production in Guatemala

In value terms, diphosphorus pentaoxide production declined slightly to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 27,873,200% against the previous year. Diphosphorus pentaoxide production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Diphosphorus Pentaoxide Exports

Exports from Guatemala

In 2022, after six years of growth, there was significant decline in overseas shipments of diphosphorus pentaoxide, when their volume decreased by -7% to X kg. In general, exports recorded a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 600% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, diphosphorus pentaoxide exports shrank to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 538%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X kg) was the main destination for diphosphorus pentaoxide exports from Guatemala, with a 80% share of total exports. Moreover, diphosphorus pentaoxide exports to Ecuador exceeded the volume sent to the second major destination, El Salvador (X kg), fourfold.

From 2014 to 2022, the average annual growth rate of volume to Ecuador totaled -5.9%.

In value terms, Ecuador ($X) remains the key foreign market for diphosphorus pentaoxide exports from Guatemala, comprising 96% of total exports. The second position in the ranking was held by El Salvador ($X), with a 4.3% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Ecuador totaled +12.8%.

Export Prices by Country

In 2022, the average diphosphorus pentaoxide export price amounted to $X per ton, surging by 6.8% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 108% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Ecuador ($X per ton), while the average price for exports to El Salvador stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+19.9%).

Diphosphorus Pentaoxide Imports

Imports into Guatemala

After three years of growth, purchases abroad of diphosphorus pentaoxide decreased by -39.5% to X kg in 2022. Overall, imports faced a dramatic slump. The pace of growth appeared the most rapid in 2020 when imports increased by 500%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, diphosphorus pentaoxide imports reduced notably to $X in 2022. In general, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 when imports increased by 692%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest diphosphorus pentaoxide supplier to Guatemala, with a 88% share of total imports. Moreover, diphosphorus pentaoxide imports from the United States exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Colombia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of diphosphorus pentaoxide to Guatemala, comprising 78% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Colombia (0.0% per year).

Import Prices by Country

In 2022, the average diphosphorus pentaoxide import price amounted to $X per ton, growing by 25% against the previous year. Over the period under review, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 an increase of 1,413%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 France ($X per ton), while the price for the United States ($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 United States (+26.4%).

Source: IndexBox Platform