Guatemala: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Guatemala

The Guatemalan plastic tableware and kitchenware market soared to $X in 2022, increasing by 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed significant growth. Plastic tableware and kitchenware consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Plastic Tableware And Kitchenware

Exports from Guatemala

In 2022, shipments abroad of plastic tableware and kitchenware increased by 0.3% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic tableware and kitchenware exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 36% 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), Nicaragua (X tons) and Honduras (X tons) were the main destinations of plastic tableware and kitchenware exports from Guatemala, with a combined 74% share of total exports. Costa Rica, the Dominican Republic, Panama, Mexico and the United States lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +3.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic tableware and kitchenware exported from Guatemala were El Salvador ($X), Honduras ($X) and Nicaragua ($X), with a combined 73% share of total exports. Costa Rica, the Dominican Republic, Panama, Mexico and the United States lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +7.0%, 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 plastic tableware and kitchenware export price amounted to $X per ton, surging by 16% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware export price increased by +67.2% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Honduras ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and El Salvador ($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 Nicaragua (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Guatemala

Plastic tableware and kitchenware imports into Guatemala skyrocketed to X tons in 2022, increasing by 22% on the previous year's figure. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +65.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic tableware and kitchenware imports soared to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +88.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of plastic tableware and kitchenware imports to Guatemala, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), El Salvador ($X) and China ($X) constituted the largest plastic tableware and kitchenware suppliers to Guatemala, together accounting for 72% of total imports.

China, with a CAGR of +15.5%, recorded the highest growth rate of 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 plastic tableware and kitchenware import price amounted to $X per ton, picking up by 8.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform