Guatemala: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Guatemala

The Guatemalan market for other plastic tubes, pipes and hoses surged to $X in 2022, growing by 22% against the previous year. In general, consumption, however, recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Guatemala

In value terms, production of other plastic tubes, pipes and hoses amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production of reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Guatemala

In 2022, the amount of other plastic tubes, pipes and hoses exported from Guatemala skyrocketed to X tons, with an increase of 31% on 2021 figures. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 353% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 228% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

El Salvador (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Guatemala, with a 83% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), ninefold. Costa Rica (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+12.1% per year) and Costa Rica (+161.8% per year).

In value terms, El Salvador ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Guatemala, comprising 83% of total exports. The second position in the ranking was taken by Honduras ($X), with an 8.1% share of total exports. It was followed by Costa Rica, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to +61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+12.6% per year) and Costa Rica (+152.7% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 other plastic tubes, pipes and hoses increased by +34.9% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Honduras ($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 Panama (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Guatemala

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported into Guatemala; waning by -24% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, imports of other plastic tubes, pipes and hoses shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to Guatemala, with a 64% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.5% per year) and the United States (-3.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Guatemala, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.9% per year) and the United States (-3.2% per year).

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, surging by 13% against the previous year. Overall, 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform