Guatemala: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Guatemala

The Guatemalan high-tenacity filament aramids yarn market dropped modestly to $X in 2022, reducing by -4.2% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +4.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Guatemala

In value terms, high-tenacity filament aramids yarn production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Guatemala

In 2022, overseas shipments of high-tenacity filament yarn of aramids were finally on the rise to reach X kg for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a slight shrinkage. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports soared to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Honduras (X kg) was the main destination for high-tenacity filament aramids yarn exports from Guatemala, accounting for a 96% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras was relatively modest.

In value terms, El Salvador ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Guatemala, comprising 79% of total exports. The second position in the ranking was taken by Honduras ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to -21.7%.

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, dropping by -95.3% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 202%. As a result, the export price reached the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.6%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Guatemala

High-tenacity filament aramids yarn imports into Guatemala amounted to X tons in 2022, remaining relatively unchanged against the year before. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 9,295%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports totaled $X in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 2,063% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) was the main high-tenacity filament aramids yarn supplier to Guatemala, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +22.9%.

In value terms, Mexico ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +4.9%.

Import Prices by Country

The average high-tenacity filament aramids yarn import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 249%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.4% per year.

Source: IndexBox Platform