Guatemala: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Guatemala

The Guatemalan prepared additives for cements market declined slightly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by -4.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Guatemala

In value terms, prepared additives for cements production contracted to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 84%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Guatemala

In 2022, approx. X tons of prepared additives for cements, mortars or concretes were exported from Guatemala; rising by 53% on the year before. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 142%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, prepared additives for cements exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 68%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of prepared additives for cements exports from Guatemala, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of +58.7%), while 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 prepared additives for cements exported from Guatemala worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +36.2%, saw the highest growth rate of 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

In 2022, the average prepared additives for cements export price amounted to $X per ton, falling by -13.5% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Guatemala

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes increased by 19% to X tons, rising for the second consecutive year after five years of decline. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, prepared additives for cements imports surged to $X in 2022. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Germany (X tons) and Panama (X tons) were the main suppliers of prepared additives for cements imports to Guatemala, together accounting for 57% of total imports. China, South Korea, Colombia, Spain, Costa Rica and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +270.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Guatemala, comprising 36% of total imports. The second position in the ranking was held by Mexico ($X), with a 17% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.9% per year) and South Korea (+258.2% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, rising by 40% against the previous year. In general, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform