Guatemala: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Guatemala

In 2022, the Guatemalan market for non-soap washing and cleaning preparations decreased by -15.5% to $X, falling for the third year in a row after five years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Guatemala

In value terms, non-soap washing and cleaning preparations production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Guatemala

For the third consecutive year, Guatemala recorded growth in shipments abroad of non-soap washing and cleaning preparations, which increased by 8.9% to X tons in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +67.2% against 2015 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-soap washing and cleaning preparations exports soared to $X in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +69.2% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Costa Rica (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of non-soap washing and cleaning preparations exports from Guatemala, with a combined 53% share of total exports. The Dominican Republic, Honduras, Mexico, the United States and Panama lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-soap washing and cleaning preparations exported from Guatemala were Costa Rica ($X), El Salvador ($X) and Nicaragua ($X), together accounting for 49% of total exports. Honduras, the Dominican Republic, Panama, Mexico and the United States lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, the United States, with a CAGR of +42.6%, 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 export price for non-soap washing and cleaning preparations amounted to $X per ton, increasing by 8.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($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 Honduras (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Guatemala

In 2022, supplies from abroad of non-soap washing and cleaning preparations decreased by -11.1% to X tons, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 21%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-soap washing and cleaning preparations imports rose to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest non-soap washing and cleaning preparations supplier to Guatemala, with a 70% share of total imports. Moreover, non-soap washing and cleaning preparations imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was taken by El Salvador (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.9% per year) and El Salvador (+3.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Guatemala, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and China (+16.8% per year).

Import Prices by Country

The average import price for non-soap washing and cleaning preparations stood at $X per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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 the United States ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform