Guatemala: Natural Quartz Crystal Market 2024

Natural Quartz Crystal Market Size in Guatemala

The Guatemalan natural quartz crystal market amounted to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Natural quartz crystal consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Natural Quartz Crystal Production in Guatemala

In value terms, natural quartz crystal production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 46%. Natural quartz crystal production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Natural Quartz Crystal Exports

Exports from Guatemala

In 2022, overseas shipments of quartz crystal (natural) decreased by -88.3% to X kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2019 when exports increased by 3,023% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, natural quartz crystal exports dropped rapidly to $X in 2022. Overall, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2019 when exports increased by 2,988% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X kg) was the main destination for natural quartz crystal exports from Guatemala, accounting for a 93% share of total exports. Moreover, natural quartz crystal exports to Honduras exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Chile (0.0% per year).

In value terms, Honduras ($X) emerged as the key foreign market for quartz crystal (natural) exports from Guatemala, comprising 82% of total exports. The second position in the ranking was held by Chile ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Honduras stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (0.0% per year) and China (0.0% per year).

Export Prices by Country

In 2022, the average natural quartz crystal export price amounted to $X per ton, rising by 87% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to China ($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 Honduras (+6.4%).

Natural Quartz Crystal Imports

Imports into Guatemala

In 2022, after two years of growth, there was significant decline in supplies from abroad of quartz crystal (natural), when their volume decreased by -39.4% to X tons. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 227%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, natural quartz crystal imports fell dramatically to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 200%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest natural quartz crystal supplier to Guatemala, with a 61% share of total imports. Moreover, natural quartz crystal imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.0% per year) and Spain (+0.4% per year).

In value terms, China ($X) constituted the largest supplier of quartz crystal (natural) to Guatemala, comprising 61% of total imports. The second position in the ranking was taken by India ($X), with a 26% share of total imports. It was followed by Spain, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.1% per year) and Spain (-5.9% per year).

Import Prices by Country

In 2022, the average natural quartz crystal import price amounted to $X per ton, with an increase of 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 21%. Over the period under review, average import prices attained the maximum 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform