Guatemala: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in Guatemala

The Guatemalan skin organic surface-active products market expanded sharply to $X in 2022, with an increase of 11% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Organic Surface-Active Products For Washing The Skin in Guatemala

In value terms, skin organic surface-active products production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Guatemala

In 2022, shipments abroad of organic surface-active products for washing the skin decreased by -2% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, skin organic surface-active products exports surged to $X in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of skin organic surface-active products exports from Guatemala, together comprising 76% of total exports. The United States, the Dominican Republic, Panama, Costa Rica and Mexico lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +25.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and the United States ($X) constituted the largest markets for skin organic surface-active products exported from Guatemala worldwide, with a combined 74% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +42.8%, recorded the highest growth rate of 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 skin organic surface-active products export price amounted to $X per ton, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 36%. The export price peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Guatemala

In 2022, overseas purchases of organic surface-active products for washing the skin increased by 20% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, skin organic surface-active products imports soared to $X in 2022. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 36%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest skin organic surface-active products supplier to Guatemala, with a 34% share of total imports. Moreover, skin organic surface-active products imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. El Salvador (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.7% per year) and El Salvador (+77.5% per year).

In value terms, the largest skin organic surface-active products suppliers to Guatemala were Mexico ($X), the United States ($X) and Germany ($X), with a combined 58% share of total imports. France, Colombia, Spain, Brazil, El Salvador, China, Costa Rica and Honduras lagged somewhat behind, together accounting for a further 33%.

Brazil, with a CAGR of +166.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average skin organic surface-active products import price stood at $X per ton in 2022, picking up by 3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 18%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform