Guatemala: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Guatemala

For the third year in a row, the Guatemalan non-cellular polyvinyl chloride film market recorded growth in sales value, which increased by 37% to $X in 2022. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Guatemala

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -3.8% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of 57%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film exports rose notably to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 55%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X tons) was the main destination for non-cellular polyvinyl chloride film exports from Guatemala, with a 52% share of total exports. Moreover, non-cellular polyvinyl chloride film exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X tons), threefold. The third position in this ranking was held by Honduras (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+4.6% per year) and Honduras (+7.3% per year).

In value terms, El Salvador ($X) remains the key foreign market for non-cellular polyvinyl chloride films, sheets, foil and strip exports from Guatemala, comprising 55% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 13% share of total exports. It was followed by Honduras, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+9.0% per year) and Honduras (+13.6% per year).

Export Prices by Country

In 2022, the average non-cellular polyvinyl chloride film export price amounted to $X per ton, surging by 16% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film export price increased by +45.6% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($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 the United States (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Guatemala

For the third consecutive year, Guatemala recorded growth in overseas purchases of non-cellular polyvinyl chloride films, sheets, foil and strip, which increased by 20% to X tons in 2022. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, non-cellular polyvinyl chloride film imports soared to $X in 2022. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polyvinyl chloride film to Guatemala, with a 51% share of total imports. Moreover, non-cellular polyvinyl chloride film imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Colombia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and Colombia (+9.1% per year).

In value terms, China ($X), the United States ($X) and Colombia ($X) appeared to be the largest non-cellular polyvinyl chloride film suppliers to Guatemala, together accounting for 70% of total imports. Mexico, Vietnam, Taiwan (Chinese), Indonesia, Turkey and El Salvador lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +30.6%, saw the highest rates of growth with regard to 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

The average non-cellular polyvinyl chloride film import price stood at $X per ton in 2022, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform