Guatemala: Phenols Market 2024

Phenols Market Size in Guatemala

For the fourth year in a row, the Guatemalan phenols market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a perceptible 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Phenols Production in Guatemala

In value terms, phenols production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion 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, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Phenols production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Phenols Exports

Exports from Guatemala

In 2022, shipments abroad of phenols was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, phenols exports skyrocketed to $X in 2022. Overall, exports continue to indicate a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for phenols exports from Guatemala, accounting for a X% share of total exports. Moreover, phenols exports to the United States exceeded the volume sent to the second major destination, Honduras (X tons), sevenfold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for phenols exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Mexico (X% per year).

Export Prices by Country

The average phenols export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the United States ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Guatemala

In 2022, overseas purchases of phenols increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, phenols imports surged to $X in 2022. In general, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Lithuania (X tons) and Mexico (X tons) were the main suppliers of phenols imports to Guatemala, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), the United States ($X) and Mexico ($X) appeared to be the largest phenols suppliers to Guatemala, together comprising X% of total imports.

Lithuania, with a CAGR of X.5%, saw 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

In 2022, the average phenols import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform