Guatemala: Room Deodorants Market 2024

Room Deodorants Market Size in Guatemala

In 2022, the Guatemalan room deodorants market increased by 0.1% to $X, rising for the seventh consecutive year after three years of decline. Overall, consumption saw a pronounced expansion. Room deodorants consumption peaked in 2022 and is expected to retain growth in the immediate term.

Room Deodorants Production in Guatemala

In value terms, room deodorants production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 62%. Room deodorants production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Room Deodorants Exports

Exports from Guatemala

In 2022, shipments abroad of preparations for perfuming or deodorising rooms increased by 2.1% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 129%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, room deodorants exports declined slightly to $X in 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons), Mexico (X tons) and El Salvador (X tons) were the main destinations of room deodorants exports from Guatemala, with a combined 62% share of total exports. The Dominican Republic, Nicaragua, Costa Rica, Panama and the United States lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +113.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X) remains the key foreign market for preparations for perfuming or deodorising rooms exports from Guatemala, comprising 42% of total exports. The second position in the ranking was held by El Salvador ($X), with an 18% share of total exports. It was followed by the Dominican Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras amounted to +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+6.7% per year) and the Dominican Republic (+124.1% per year).

Export Prices by Country

The average room deodorants export price stood at $X per ton in 2022, waning by -6.1% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 103% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Nicaragua ($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 the Dominican Republic (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Room Deodorants Imports

Imports into Guatemala

After ten years of growth, overseas purchases of preparations for perfuming or deodorising rooms decreased by -3.6% to X tons in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 33%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, room deodorants imports reached $X in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest room deodorants supplier to Guatemala, accounting for a 47% share of total imports. Moreover, room deodorants imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Costa Rica (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.4% per year) and Costa Rica (+15.8% per year).

In value terms, Mexico ($X), the United States ($X) and Uruguay ($X) constituted the largest room deodorants suppliers to Guatemala, together accounting for 73% of total imports. Costa Rica, China, Peru, Canada and India lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Canada, with a CAGR of +102.2%, recorded 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

In 2022, the average room deodorants import price amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform