Guatemala: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in Guatemala

The Guatemalan non-corrugated paper box market contracted slightly to $X in 2022, declining by -2.3% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Corrugated Paper Box Production in Guatemala

In value terms, non-corrugated paper box production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Non-Corrugated Paper Box Exports

Exports from Guatemala

In 2022, the amount of folding cartons, boxes and cases of non-corrugated paper or paperboard exported from Guatemala soared to X tons, increasing by 39% against the previous year's figure. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.4% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-corrugated paper box exports surged to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Honduras (X tons), Mexico (X tons) and Nicaragua (X tons) were the main destinations of non-corrugated paper box exports from Guatemala, together comprising 88% 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 Mexico (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-corrugated paper box exported from Guatemala were Mexico ($X), Honduras ($X) and Nicaragua ($X), with a combined 80% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +15.7%, saw 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 non-corrugated paper box export price amounted to $X per ton, with a decrease of -14.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Honduras ($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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports into Guatemala

In 2022, overseas purchases of folding cartons, boxes and cases of non-corrugated paper or paperboard increased by 15% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, non-corrugated paper box imports soared to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +80.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, El Salvador (X tons) constituted the largest supplier of non-corrugated paper box to Guatemala, accounting for a 54% share of total imports. Moreover, non-corrugated paper box imports from El Salvador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from El Salvador stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+6.1% per year) and the United States (-5.9% per year).

In value terms, El Salvador ($X) constituted the largest supplier of folding cartons, boxes and cases of non-corrugated paper or paperboard to Guatemala, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Costa Rica, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from El Salvador stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.0% per year) and Costa Rica (+6.6% per year).

Import Prices by Country

In 2022, the average non-corrugated paper box import price amounted to $X per ton, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform