Guatemala: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Guatemala

In 2022, the Guatemalan market for plastics pipes and pipe fittings increased by 1.6% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +2.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in Guatemala

In value terms, plastics pipe and pipe fitting production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value 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, production increased by +2.6% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Guatemala

Plastics pipe and pipe fitting exports from Guatemala contracted significantly to X tons in 2022, dropping by -15.7% on the year before. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, plastics pipe and pipe fitting exports fell to $X in 2022. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of plastics pipe and pipe fitting exports from Guatemala, together accounting for 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +6.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for plastics pipe and pipe fitting exported from Guatemala worldwide, together comprising 85% of total exports.

Among the main countries of destination, El Salvador, with a CAGR of +10.4%, 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

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +65.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Nicaragua ($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 Belize (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Guatemala

In 2022, after three years of growth, there was significant decline in overseas purchases of plastics pipes and pipe fittings, when their volume decreased by -9.3% to X tons. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 49%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports stood at $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +74.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Costa Rica (X tons), Mexico (X tons) and China (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Guatemala, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Mexico ($X) and China ($X) were the largest plastics pipe and pipe fitting suppliers to Guatemala, together comprising 71% of total imports.

China, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of imports, among 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 import price for plastics pipes and pipe fittings amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Honduras ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform