Report Update Nov 1, 2024

Guatemala - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Guatemala

The Guatemalan methacrylic acid esters market declined notably to $X in 2022, falling by -27.6% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Methacrylic acid esters consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Methacrylic Acid Esters Production in Guatemala

In value terms, methacrylic acid esters production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Methacrylic acid esters production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports from Guatemala

In 2018, exports of esters of methacrylic acid from Guatemala was estimated at X kg, therefore, remained relatively stable against the previous year. In general, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports totaled $X in 2018. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X kg) was the main destination for methacrylic acid esters exports from Guatemala, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to the Dominican Republic amounted to -65.3%.

From 2012 to 2018, the average annual growth rate of value to the Dominican Republic amounted to -70.6%.

Export Prices by Country

In 2018, the average methacrylic acid esters export price amounted to $X per ton, flattening at the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2013 a decrease of 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2018, the rate of growth in terms of prices for the Dominican Republic amounted to -15.4% per year.

Methacrylic Acid Esters Imports

Imports into Guatemala

In 2022, the amount of esters of methacrylic acid imported into Guatemala shrank dramatically to X tons, falling by -57.6% compared with the previous year's figure. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 621% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid esters imports declined remarkably to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 430%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of methacrylic acid esters to Guatemala, with a 56% share of total imports. Moreover, methacrylic acid esters imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X kg), twofold. The third position in this ranking was held by South Korea (X kg), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+57.5% per year) and South Korea (+141.8% per year).

In value terms, the largest methacrylic acid esters suppliers to Guatemala were Mexico ($X), the United States ($X) and South Korea ($X), together accounting for 96% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +244.2%, saw 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 methacrylic acid esters import price amounted to $X per ton, growing by 37% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 88%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the methacrylic acid esters market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023