Guatemala: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Guatemala

The Guatemalan non-cellular polystyrene film market rose markedly to $X in 2022, picking up by 6.2% against the previous year. In general, consumption showed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in Guatemala

In value terms, non-cellular polystyrene film production expanded markedly to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 88%. Non-cellular polystyrene film production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Guatemala

After two years of decline, shipments abroad of non-cellular polystyrene films, sheets, foil and strip increased by 42% to X tons in 2022. Over the period under review, exports posted measured growth. The pace of growth was the most pronounced in 2014 when exports increased by 158%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polystyrene film exports surged to $X in 2022. In general, exports recorded a perceptible increase. The pace of growth appeared the most rapid in 2014 when exports increased by 123% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons) was the main destination for non-cellular polystyrene film exports from Guatemala, with a 55% share of total exports. Moreover, non-cellular polystyrene film exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold. Honduras (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+71.5% per year) and Honduras (-8.0% per year).

In value terms, Costa Rica ($X), El Salvador ($X) and Honduras ($X) were the largest markets for non-cellular polystyrene film exported from Guatemala worldwide, together comprising 89% of total exports. These countries were followed by Nicaragua, which accounted for a further 11%.

In terms of the main countries of destination, Nicaragua, with a CAGR of +79.0%, recorded 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

In 2022, the average non-cellular polystyrene film export price amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price showed noticeable growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Nicaragua ($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 Costa Rica (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Guatemala

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip imported into Guatemala shrank dramatically to X tons, with a decrease of -24.6% compared with the previous year's figure. In general, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-cellular polystyrene film imports fell to $X in 2022. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Costa Rica (X tons) were the main suppliers of non-cellular polystyrene film imports to Guatemala, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +23.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest non-cellular polystyrene film suppliers to Guatemala were the United States ($X), China ($X) and Costa Rica ($X), together accounting for 79% of total imports.

China, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, increasing by 24% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was El Salvador ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform