Guatemala: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Guatemala

The Guatemalan hydrogen peroxide market skyrocketed to $X in 2022, rising by 16% against the previous year. In general, consumption saw a prominent expansion. Hydrogen peroxide consumption peaked in 2022 and is expected to retain growth in the near future.

Hydrogen Peroxide Production in Guatemala

In value terms, hydrogen peroxide production totaled $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -1.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28%. Hydrogen peroxide production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from Guatemala

In 2022, approx. X tons of hydrogen peroxide were exported from Guatemala; waning by -15.6% compared with 2021. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 47% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for hydrogen peroxide exports from Guatemala, with a 57% share of total exports. Moreover, hydrogen peroxide exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), threefold. Nicaragua (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-16.2% per year) and Nicaragua (+25.4% per year).

In value terms, El Salvador ($X) remains the key foreign market for hydrogen peroxide exports from Guatemala, comprising 55% of total exports. The second position in the ranking was taken by Honduras ($X), with a 23% share of total exports. It was followed by Nicaragua, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-11.7% per year) and Nicaragua (+30.3% per year).

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, rising by 49% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide export price increased by +82.8% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per ton) and Honduras ($X per ton), while the average price for exports to Costa Rica ($X per ton) and El Salvador ($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 Honduras (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Guatemala

In 2022, the amount of hydrogen peroxide imported into Guatemala skyrocketed to X tons, rising by 34% on 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. In general, imports recorded a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of hydrogen peroxide to Guatemala, accounting for a 60% share of total imports. Moreover, hydrogen peroxide imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+151.8% per year) and South Korea (+68.0% per year).

In value terms, the United States ($X) constituted the largest supplier of hydrogen peroxide to Guatemala, comprising 50% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+81.4% per year) and Mexico (+11.9% per year).

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, with an increase of 30% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide import price increased by +94.5% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform