Guatemala: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Guatemala

The Guatemalan market for non-plasticised mixed polyvinyl chloride in primary forms declined modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Guatemala

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 26%. Production of peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Guatemala

In 2022, approx. X tons of non-plasticised mixed polyvinyl chloride in primary forms were exported from Guatemala; falling by -14.1% against 2021 figures. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 38%. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 41%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from Guatemala, accounting for a 66% share of total exports. Moreover, exports of non-plasticised mixed polyvinyl chloride in primary forms to Mexico exceeded the volume sent to the second major destination, Honduras (X tons), fourfold. The third position in this ranking was taken by El Salvador (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-17.7% per year) and El Salvador (-4.7% per year).

In value terms, Mexico ($X) remains the key foreign market for non-plasticised mixed polyvinyl chloride in primary forms exports from Guatemala, comprising 71% of total exports. The second position in the ranking was held by Honduras ($X), with a 14% share of total exports. It was followed by El Salvador, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-15.9% per year) and El Salvador (+0.3% per year).

Export Prices by Country

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-plasticised mixed polyvinyl chloride in primary forms increased by +83.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 32%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Costa Rica ($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 Mexico (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Guatemala

Imports of non-plasticised mixed polyvinyl chloride in primary forms into Guatemala reduced notably to X tons in 2022, with a decrease of -20.5% on the previous year's figure. Overall, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 273% against the previous year. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 135%. Over the period under review, imports of reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Guatemala, with a 48% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+75.2% per year) and China (+31.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Guatemala, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by El Salvador, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.4% per year) and El Salvador (-1.5% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, growing by 39% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 49% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform