Guatemala: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Guatemala

The Guatemalan natural rubber and gum market skyrocketed to $X in 2022, growing by 18% against the previous year. Over the period under review, consumption, however, recorded a sharp shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Guatemala

In value terms, natural rubber and gum production rose to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of natural rubber and gums in Guatemala dropped to X tons per ha in 2022, waning by -9% on 2021 figures. Over the period under review, the yield saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The natural rubber and gum yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the natural rubber and gum harvested area in Guatemala stood at X ha, growing by 4.9% against the year before. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the natural rubber and gum harvested area remained at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from Guatemala

In 2022, after five years of growth, there was significant decline in overseas shipments of natural rubber and gums, when their volume decreased by -13.7% to X tons. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, natural rubber and gum exports contracted to $X in 2022. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Mexico (X tons) was the main destination for natural rubber and gum exports from Guatemala, accounting for a 51% share of total exports. Moreover, natural rubber and gum exports to Mexico exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.6% per year) and Brazil (+10.4% per year).

In value terms, Mexico ($X) remains the key foreign market for natural rubber and gums exports from Guatemala, comprising 46% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Brazil, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and Brazil (+7.7% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, increasing by 2.7% against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mexico ($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 Italy (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Guatemala

Natural rubber and gum imports into Guatemala surged to X tons in 2022, with an increase of 1,508% against 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 30,869%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports skyrocketed to $X in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2016 when imports increased by 17,646% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Vietnam (X tons) were the main suppliers of natural rubber and gum imports to Guatemala, together comprising 78% of total imports. Thailand, Malaysia and the United States lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +166.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Vietnam ($X) constituted the largest natural rubber and gum suppliers to Guatemala, with a combined 79% share of total imports. Thailand, Malaysia and the United States lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Malaysia, with a CAGR of +118.7%, recorded 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

In 2022, the average natural rubber and gum import price amounted to $X per ton, reducing by -72.2% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 389%. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform