Guatemala: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Guatemala

The Guatemalan propyl and isopropyl alcohol market totaled $X in 2022, growing by 2.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Guatemala

In value terms, propyl and isopropyl alcohol production declined to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Guatemala

After three years of growth, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -0.7% to X tons in 2022. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 596%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, propyl and isopropyl alcohol exports surged to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by 484% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

El Salvador (X tons) was the main destination for propyl and isopropyl alcohol exports from Guatemala, with a 81% share of total exports. Moreover, propyl and isopropyl alcohol exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), more than tenfold. Belize (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-3.0% per year) and Belize (+95.3% per year).

In value terms, El Salvador ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Guatemala, comprising 80% of total exports. The second position in the ranking was taken by Honduras ($X), with a 6.2% share of total exports. It was followed by Belize, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-1.6% per year) and Belize (+85.4% per year).

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, increasing by 16% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol export price increased by +51.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per ton) and Belize ($X per ton), while the average price for exports to Honduras ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Guatemala

In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) increased by 3.8% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 94% against the previous year. 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, propyl and isopropyl alcohol imports rose markedly to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Guatemala, accounting for a 87% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.4% per year) and China (+139.5% per year).

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Guatemala, comprising 87% of total imports. The second position in the ranking was taken by Mexico ($X), with a 6.3% share of total imports. It was followed by China, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.4% per year) and China (+115.7% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, surging by 2.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform