Report Update Nov 1, 2024

Guatemala - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Guatemala

In 2022, the Guatemalan potassium chloride (MOP) market increased by 41% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Potassium Chloride (Mop) Exports

Exports from Guatemala

In 2022, the amount of potassium chloride (MOP) exported from Guatemala contracted markedly to X tons, declining by -33.8% compared with 2021 figures. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 317%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports declined rapidly to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 636% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belize (X tons) was the main destination for potassium chloride (MOP) exports from Guatemala, accounting for a 99% share of total exports. It was followed by El Salvador (X tons), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belize amounted to +59.2%.

In value terms, Belize ($X) remains the key foreign market for potassium chloride (MOP) exports from Guatemala, comprising 99% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belize amounted to +44.0%.

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, waning by -14.2% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 174%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Belize stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+49.2%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into Guatemala

Potassium chloride (MOP) imports into Guatemala soared to X tons in 2022, jumping by 49% against the previous year. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 104%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, potassium chloride (MOP) imports surged to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) was the main supplier of potassium chloride (MOP) to Guatemala, with a 100% share of total imports. It was followed by the United States (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-39.4% per year) and Russia (-77.8% per year).

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to Guatemala, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-38.6% per year) and Russia (-68.0% per year).

Import Prices by Country

The average potassium chloride (MOP) import price stood at $X per ton in 2022, with a decrease of -8.9% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the potassium chloride (mop) market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4016 -

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023