Guatemala: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Guatemala

For the fifth year in a row, the Guatemalan market for floor, wall or ceiling coverings of plastics recorded growth in sales value, which increased by 28% to $X in 2022. In general, consumption recorded buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Guatemala

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics increased by 141% to X square meters, rising for the sixth consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 206% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 276%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

El Salvador (X square meters), Honduras (X square meters) and Belize (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Guatemala, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of +85.5%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Belize ($X) constituted the largest markets for plastic floor, wall and ceiling coverings exported from Guatemala worldwide, together accounting for 96% of total exports.

Among the main countries of destination, Belize, with a CAGR of +62.4%, recorded the highest rates of growth with regard to 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 floor, wall or ceiling coverings of plastics amounted to $X per square meter, which is down by -49.2% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 54%. The export price peaked at $X per square meter in 2021, and then shrank markedly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($X per square meter), while the average price for exports to Honduras ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Guatemala

For the fifth consecutive year, Guatemala recorded growth in overseas purchases of floor, wall or ceiling coverings of plastics, which increased by 31% to X square meters in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Guatemala, accounting for a 70% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Mexico (X square meters), more than tenfold. Israel (X square meters) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.9% per year) and Israel (+21.6% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Guatemala, comprising 58% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.1% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.5% per year) and the United States (-10.6% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, rising by 3.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2019 an increase of 9.6%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($X per square meter), while the price for Spain ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform