Guatemala: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Guatemala

The Guatemalan industrial roundwood (non-coniferous) market expanded markedly to $X in 2022, picking up by 14% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) consumption increased by +51.5% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Guatemala

In value terms, industrial roundwood (non-coniferous) production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 51%. Industrial roundwood (non-coniferous) production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Guatemala

In 2022, exports of industrial roundwood from Guatemala declined dramatically to X cubic meters, shrinking by -42.9% on the year before. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 179%. As a result, the exports reached the peak of X cubic meters. From 2020 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) exports contracted rapidly to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 118%. Over the period under review, the (non-coniferous) exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Guatemala, accounting for a 68% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to India exceeded the volume sent to the second major destination, China (X cubic meters), threefold.

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 (+115.7% per year) and Vietnam (+15.9% per year).

In value terms, India ($X), China ($X) and Vietnam ($X) were the largest markets for industrial roundwood (non-coniferous) exported from Guatemala worldwide, together accounting for 99% of total exports.

Among the main countries of destination, China, with a CAGR of +107.1%, recorded the highest growth rate of 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 industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, waning by -7.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 34%. The export price peaked at $X per cubic meter in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to India ($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 Vietnam (+7.1%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Guatemala

In 2022, industrial roundwood (non-coniferous) imports into Guatemala declined notably to X cubic meters, with a decrease of -53.1% against 2021 figures. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2017 when imports increased by 5,000% against the previous year. Over the period under review, (non-coniferous) imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports shrank markedly to $X in 2022. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 6,988% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X cubic meters) was the main industrial roundwood (non-coniferous) supplier to Guatemala, with a 93% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from China exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +45.8%.

In value terms, China ($X) constituted the largest supplier of industrial roundwood to Guatemala, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -20.5%.

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, waning by -99.1% against the previous year. Overall, the import price faced a significant curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 261%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2017; however, from 2018 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 the United States ($X per cubic meter), while the price for China amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform