Guatemala: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Guatemala

The Guatemalan x-ray examination preparations market rose rapidly to $X in 2022, surging by 6.2% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

X-Ray Examination Preparations Production in Guatemala

In value terms, x-ray examination preparations production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 133% against the previous year. X-ray examination preparations production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports from Guatemala

In 2022, approx. X tons of opacifying preparations for x-ray examinations were exported from Guatemala; shrinking by -37.4% compared with the year before. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 182%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, x-ray examination preparations exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 946% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Honduras (X tons) was the main destination for x-ray examination preparations exports from Guatemala, with a 60% share of total exports. Moreover, x-ray examination preparations exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), twofold. Costa Rica (X kg) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+93.7% per year) and Costa Rica (+56.0% per year).

In value terms, Honduras ($X) remains the key foreign market for opacifying preparations for x-ray examinations exports from Guatemala, comprising 75% of total exports. The second position in the ranking was held by El Salvador ($X), with an 11% share of total exports. It was followed by Nicaragua, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Honduras stood at +68.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+105.0% per year) and Nicaragua (+102.7% per year).

Export Prices by Country

In 2022, the average x-ray examination preparations export price amounted to $X per ton, shrinking by -20.9% against the previous year. In general, the export price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 429% against the previous year. The export price peaked at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to El Salvador ($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 Venezuela (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into Guatemala

In 2022, supplies from abroad of opacifying preparations for x-ray examinations increased by 29% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of x-ray examination preparations imports to Guatemala, together accounting for 54% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Germany ($X) appeared to be the largest x-ray examination preparations suppliers to Guatemala, together accounting for 64% of total imports. China, India, Ireland, Canada and Mexico lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, China, with a CAGR of +34.3%, 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 x-ray examination preparations import price amounted to $X per ton, increasing by 3.9% against the previous year. Over the period under review, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 133% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform