Guatemala: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Guatemala

The Guatemalan industrial roundwood market amounted to $X in 2022, growing by 9.2% against the previous year. In general, consumption recorded a relatively flat trend pattern. Industrial roundwood consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Roundwood Production in Guatemala

In value terms, industrial roundwood production expanded markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Industrial Roundwood Exports

Exports from Guatemala

In 2022, the amount of industrial roundwood exported from Guatemala contracted dramatically to X cubic meters, waning by -42.8% compared with 2021 figures. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 171%. As a result, the exports reached the peak of X cubic meters. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial roundwood exports declined markedly to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 116%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X cubic meters) was the main destination for industrial roundwood exports from Guatemala, accounting for a 68% share of total exports. Moreover, industrial roundwood exports to India exceeded the volume sent to the second major destination, China (X cubic meters), threefold. Vietnam (X cubic meters) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+37.7% per year) and Vietnam (+15.9% per year).

In value terms, the largest markets for industrial roundwood exported from Guatemala were India ($X), China ($X) and Vietnam ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +58.4%, 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

The average industrial roundwood export price stood at $X per cubic meter in 2022, with a decrease of -7.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Guatemala

Industrial roundwood imports into Guatemala dropped significantly to X cubic meters in 2022, with a decrease of -44.2% on the previous year's figure. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 154,100% against the previous year. As a result, imports attained the peak of X cubic meters, and then declined rapidly in the following year.

In value terms, industrial roundwood imports declined significantly to $X in 2022. In general, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 120,102%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of industrial roundwood to Guatemala, accounting for a 72% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, Honduras (X cubic meters), fourfold. The third position in this ranking was held by Venezuela (X cubic meters), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+129.4% per year) and Venezuela (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of industrial roundwood to Guatemala, comprising 72% of total imports. The second position in the ranking was held by Honduras ($X), with a 23% share of total imports. It was followed by Venezuela, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+162.8% per year) and Venezuela (0.0% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, jumping by 21% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Honduras ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform