Guatemala: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Guatemala

The Guatemalan plastic household articles market rose rapidly to $X in 2022, increasing by 12% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +79.7% against 2012 indices. Plastic household articles consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Plastic Household Articles Production in Guatemala

In value terms, plastic household articles production reached $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of household articles and toilet articles of plastics, when their volume decreased by -10.9% to X tons. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, plastic household articles exports reduced modestly to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 39%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Nicaragua (X tons) were the main destinations of plastic household articles exports from Guatemala, with a combined 78% share of total exports. Costa Rica, Panama, Mexico and the Dominican Republic lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) constituted the largest markets for plastic household articles exported from Guatemala worldwide, together comprising 77% of total exports. Costa Rica, Panama, the Dominican Republic and Mexico lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Mexico, with a CAGR of +66.2%, 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 plastic household articles export price amounted to $X per ton, picking up by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and El Salvador ($X per ton), while the average price for exports to Honduras ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Guatemala

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Guatemala; surging by 13% compared with the previous year. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic household articles imports rose markedly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2016 with an increase of 73%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of plastic household articles imports to Guatemala, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household articles suppliers to Guatemala were China ($X), Mexico ($X) and the United States ($X), together accounting for 84% of total imports.

Among the main suppliers, China, with a CAGR of +27.8%, saw the highest growth rate of 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

The average plastic household articles import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform