Guatemala: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Guatemala

The Guatemalan plastic self-adhesive plate market reached $X in 2022, with an increase of 14% 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). In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +111.2% against 2016 indices. Plastic self-adhesive plate consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Plastic Self-Adhesive Plate Exports

Exports from Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of plastic self-adhesive plates, sheets and other flat shapes, when their volume decreased by -5.9% to X tons. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 228%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports rose significantly to $X in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Costa Rica (X tons) were the main destinations of plastic self-adhesive plate exports from Guatemala, with a combined 84% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic self-adhesive plate exported from Guatemala were Honduras ($X), El Salvador ($X) and Costa Rica ($X), together accounting for 85% of total exports.

Among the main countries of destination, Honduras, with a CAGR of +24.8%, saw the highest rates of growth with regard to 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 self-adhesive plate export price amounted to $X per ton, surging by 12% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price increased by +294.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 178% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($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 Honduras (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Guatemala

For the eleventh consecutive year, Guatemala recorded growth in supplies from abroad of plastic self-adhesive plates, sheets and other flat shapes, which increased by 13% to X tons in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +101.2% against 2012 indices. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plastic self-adhesive plate imports rose notably to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +121.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest plastic self-adhesive plate supplier to Guatemala, with a 63% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Mexico (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.6% per year) and Mexico (+3.7% per year).

In value terms, the largest plastic self-adhesive plate suppliers to Guatemala were China ($X), the United States ($X) and Mexico ($X), together accounting for 73% of total imports.

Among the main suppliers, China, with a CAGR of +14.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic self-adhesive plate import price stood at $X per ton in 2022, which is down by -3.1% against the previous year. In general, the import price, however, saw slight growth. The most prominent rate of growth was recorded in 2021 an increase of 20%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

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 the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform