Guatemala: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Guatemala

In 2022, the Guatemalan polyphenols and phenol-alcohols market increased by 19% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated measured growth 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 +57.3% against 2019 indices. Polyphenols and phenol-alcohols consumption peaked in 2022 and is expected to retain growth in the near future.

Polyphenols And Phenol-Alcohols Exports

Exports from Guatemala

In 2022, the amount of polyphenols and phenol-alcohols exported from Guatemala soared to X tons, jumping by 96% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 7,521% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 8,440% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and Honduras (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +43.8%).

In value terms, Mexico ($X) and Honduras ($X) were the largest markets for polyphenols and phenol-alcohols exported from Guatemala worldwide.

Among the main countries of destination, Honduras, with a CAGR of +40.8%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, jumping by 31% against the previous year. In general, the export price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Honduras amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+36.0%), while the prices for the other major destinations experienced a decline.

Polyphenols And Phenol-Alcohols Imports

Imports into Guatemala

In 2022, supplies from abroad of polyphenols and phenol-alcohols increased by 9% to X tons, rising for the third year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 63%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports soared to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +63.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of polyphenols and phenol-alcohols to Guatemala, accounting for a 61% share of total imports. Moreover, polyphenols and phenol-alcohols imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.7% per year) and the Netherlands (+79.0% per year).

In value terms, Mexico ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Guatemala, comprising 56% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.1% per year) and China (+40.8% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a 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 China ($X per ton), while the price for the Netherlands ($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 (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform