Guatemala: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Guatemala

In 2022, the Guatemalan pigments, opacifiers and colours market decreased by -4.1% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +52.9% against 2018 indices. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Guatemala

In 2022, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 30% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 341% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 236%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons) was the main destination for pigments, opacifiers and colours exports from Guatemala, accounting for a 90% share of total exports. Moreover, pigments, opacifiers and colours exports to El Salvador exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-4.4% per year) and Nicaragua (+2.6% per year).

In value terms, El Salvador ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Guatemala, comprising 85% of total exports. The second position in the ranking was held by Spain ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.7% per year) and Nicaragua (+0.0% per year).

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, picking up by 17% against the previous year. Over the period under review, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 88%. 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.

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 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 Panama (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Guatemala

After three years of growth, supplies from abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -25.1% to X tons in 2022. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, pigments, opacifiers and colours imports amounted to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +77.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest pigments, opacifiers and colours supplier to Guatemala, accounting for a 86% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and Mexico (+11.4% per year).

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Guatemala, comprising 85% of total imports. The second position in the ranking was taken by Mexico ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+9.5% per year) and China (+11.0% per year).

Import Prices by Country

In 2022, the average pigments, opacifiers and colours import price amounted to $X per ton, increasing by 51% against the previous year. In general, the import price, however, saw a noticeable contraction. 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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+31.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform