Guatemala: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Guatemala

In 2022, the Guatemalan organo-sulphur compound market increased by X% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Organo-Sulphur Compound Production in Guatemala

In value terms, organo-sulphur compound production shrank markedly to $X in 2022 estimated in export price. Overall, production showed a dramatic contraction. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports from Guatemala

Organo-sulphur compound exports from Guatemala contracted to X tons in 2022, with a decrease of X% against 2021 figures. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, organo-sulphur compound exports reduced slightly to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Costa Rica (X tons) were the main destinations of organo-sulphur compound exports from Guatemala, together accounting for X% of total exports. Ecuador, Nicaragua and Colombia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Honduras ($X), Costa Rica ($X) and El Salvador ($X) were the largest markets for organo-sulphur compound exported from Guatemala worldwide, together comprising X% of total exports. Ecuador, Nicaragua and Colombia lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 organo-sulphur compound export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($X per ton) and Colombia ($X per ton), while the average price for exports to El Salvador ($X per ton) and Honduras ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced a decline.

Organo-Sulphur Compound Imports

Imports into Guatemala

For the fifth year in a row, Guatemala recorded growth in purchases abroad of organo-sulphur compounds, which increased by X% to X tons in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, organo-sulphur compound imports surged to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest organo-sulphur compound supplier to Guatemala, with a X% share of total imports. Moreover, organo-sulphur compound imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. India (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of organo-sulphur compounds to Guatemala, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average organo-sulphur compound import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform