Guatemala: Glass Ampoules Market 2024

Glass Ampoules Market Size in Guatemala

The Guatemalan glass ampoules market dropped to $X in 2022, with a decrease of -11% 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). Over the period under review, consumption, however, recorded a strong increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Glass Ampoules Exports

Exports from Guatemala

In 2022, exports of glass ampoules for packing of goods from Guatemala surged to X units, jumping by 26% against 2021. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 128%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass ampoules exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 187%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X units) was the main destination for glass ampoules exports from Guatemala, accounting for a 79% share of total exports. Moreover, glass ampoules exports to Nicaragua exceeded the volume sent to the second major destination, El Salvador (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-17.6% per year) and Honduras (-6.8% per year).

In value terms, Nicaragua ($X) remains the key foreign market for glass ampoules for packing of goods exports from Guatemala, comprising 84% of total exports. The second position in the ranking was held by Honduras ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+1.2% per year) and El Salvador (-24.4% per year).

Export Prices by Country

The average glass ampoules export price stood at $X per thousand units in 2022, growing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per thousand units), while the average price for exports to El Salvador ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+8.7%), while the prices for the other major destinations experienced a decline.

Glass Ampoules Imports

Imports into Guatemala

In 2022, approx. X units of glass ampoules for packing of goods were imported into Guatemala; declining by -18.8% on the year before. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, glass ampoules imports shrank to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 80%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Mexico (X units), Italy (X units) and India (X units) were the main suppliers of glass ampoules imports to Guatemala, together accounting for 82% of total imports. China lagged somewhat behind, comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +139.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Italy ($X) and India ($X) were the largest glass ampoules suppliers to Guatemala, with a combined 87% share of total imports. China lagged somewhat behind, accounting for a further 13%.

Among the main suppliers, China, with a CAGR of +145.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per thousand units) and Mexico ($X per thousand units), while the price for China ($X per thousand units) and India ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform