Guatemala: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Guatemala

In 2022, after two years of growth, there was significant decline in the Guatemalan market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when its value decreased by -14.4% to $X. Over the period under review, consumption, however, recorded resilient growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Guatemala

For the fifth consecutive year, Guatemala recorded growth in shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, which increased by 223% to X square meters in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 4,510% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 3,490%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Honduras (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Guatemala, accounting for a 90% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Honduras exceeded the volume sent to the second major destination, El Salvador (X square meters), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled +65.1%.

In value terms, Honduras ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Guatemala, comprising 90% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +74.8%.

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, increasing by 24% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per square meter), while the average price for exports to El Salvador totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+5.9%).

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Guatemala

After two years of growth, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -29.4% to X square meters in 2022. Overall, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of X square meters, and then reduced dramatically in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 136%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Guatemala, with a 53% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), twofold. The third position in this ranking was taken by Mexico (X square meters), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+71.4% per year) and Mexico (-7.1% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Guatemala, comprising 53% of total imports. The second position in the ranking was held by Malaysia ($X), with a 26% share of total imports. It was followed by Mexico, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+90.7% per year) and Mexico (-2.0% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, rising by 35% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +70.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per square meter) and the United States ($X per square meter), while the price for China ($X per square meter) and Nigeria ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform