Guatemala: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Guatemala

The Guatemalan market for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022, surging by 4.3% 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). Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.7% against 2017 indices. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Guatemala

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings increased by 24% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings soared to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X tons), Costa Rica (X tons) and El Salvador (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, without fittings from Guatemala, together comprising 69% of total exports. Mexico, Nicaragua, Belize and Panama lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Mexico ($X) and El Salvador ($X) constituted the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Guatemala worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +81.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, rising by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Costa Rica ($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 Nicaragua (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Guatemala

In 2022, the amount of flexible tubes, pipes and hoses of plastics, without fittings imported into Guatemala shrank to X tons, stabilizing at 2021 figures. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings expanded markedly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Guatemala, with a 41% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.5% per year) and South Korea (+17.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Guatemala, comprising 42% of total imports. The second position in the ranking was held by China ($X), with an 8.6% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.2% per year) and Italy (+15.5% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Colombia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform