Guatemala: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Guatemala

The Guatemalan solid vulcanised rubber sheet market expanded rapidly to $X in 2022, with an increase of 12% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Guatemala

In value terms, solid vulcanised rubber sheet production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Guatemala

After three years of growth, overseas shipments of plates, sheets, strips for floor covering of solid vulcanised rubber decreased by -27% to X tons in 2022. Overall, exports, however, showed modest growth. The pace of growth was the most pronounced in 2021 with an increase of 100%. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, solid vulcanised rubber sheet exports plummeted to $X in 2022. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 141%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for solid vulcanised rubber sheet exports from Guatemala, with a 59% share of total exports. Moreover, solid vulcanised rubber sheet exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X tons), fourfold. The third position in this ranking was held by Honduras (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-7.5% per year) and Honduras (-7.9% per year).

In value terms, the United States ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Guatemala, comprising 68% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 14% share of total exports. It was followed by Honduras, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +43.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+1.2% per year) and Honduras (-8.8% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, rising by 9.9% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid vulcanised rubber sheet export price increased by +87.5% against 2016 indices. The growth pace was the most rapid in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Honduras ($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 Nicaragua (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Guatemala

Solid vulcanised rubber sheet imports into Guatemala shrank rapidly to X tons in 2022, dropping by -48.7% on the year before. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, solid vulcanised rubber sheet imports reduced remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 53%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest solid vulcanised rubber sheet supplier to Guatemala, with a 39% share of total imports. Moreover, solid vulcanised rubber sheet imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-4.3% per year) and Indonesia (-42.3% per year).

In value terms, Mexico ($X), Germany ($X) and the United States ($X) were the largest solid vulcanised rubber sheet suppliers to Guatemala, together comprising 59% of total imports.

Germany, with a CAGR of +7.9%, recorded the highest growth rate of 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

The average solid vulcanised rubber sheet import price stood at $X per ton in 2022, growing by 59% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform