Guatemala: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Guatemala

The Guatemalan magnesium hydroxide and peroxide market soared to $X in 2022, picking up by 121% 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). Overall, consumption, however, showed a deep reduction. Magnesium hydroxide and peroxide consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Guatemala

After three years of decline, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 157% to X tons in 2022. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium hydroxide and peroxide exports soared to $X in 2022. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X tons), Nicaragua (X tons) and El Salvador (X kg) were the main destinations of magnesium hydroxide and peroxide exports from Guatemala, with a combined 95% share 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 Honduras (with a CAGR of +16.0%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Nicaragua ($X) and El Salvador ($X) constituted the largest markets for magnesium hydroxide and peroxide exported from Guatemala worldwide, with a combined 98% share of total exports.

Honduras, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to the Dominican Republic ($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 El Salvador (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Guatemala

Magnesium hydroxide and peroxide imports into Guatemala skyrocketed to X tons in 2022, increasing by 169% compared with 2021. In general, imports, however, recorded a deep downturn. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. Over the period under review, imports continue to indicate measured growth. The growth pace was the most rapid in 2021 with an increase of 172% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Guatemala, accounting for a 79% share of total imports. Moreover, magnesium hydroxide and peroxide imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. Mexico (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.6% per year) and Mexico (+13.4% per year).

In value terms, South Korea ($X), China ($X) and India ($X) appeared to be the largest magnesium hydroxide and peroxide suppliers to Guatemala, together accounting for 94% of total imports.

South Korea, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, waning by -50.3% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 377% against the previous year. The import price peaked at $X per ton in 2021, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+270.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform