Guatemala: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Guatemala

The Guatemalan starch manufacture residues market soared to $X in 2022, jumping by 41% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.0% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Starch Manufacture Residues Production in Guatemala

In value terms, starch manufacture residues production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -3.4% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 20% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Guatemala

Starch manufacture residues exports from Guatemala soared to X tons in 2022, with an increase of 199% compared with the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 483%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, starch manufacture residues exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 320% against the previous year. Over the period under review, the exports reached 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 starch manufacture residues exports from Guatemala, accounting for a 88% share of total exports. Moreover, starch manufacture residues exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at +77.2%.

In value terms, El Salvador ($X) remains the key foreign market for residues of starch manufacture exports from Guatemala, comprising 89% of total exports. The second position in the ranking was taken by Honduras ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to +66.7%.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, falling by -8.5% against the previous year. Over the period under review, the export price saw a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export 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 Honduras totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-5.6%).

Starch Manufacture Residues Imports

Imports into Guatemala

In 2022, the amount of residues of starch manufacture imported into Guatemala surged to X tons, jumping by 136% compared with 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 176% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Belize (X tons), the United States (X tons) and Honduras (X tons) were the main suppliers of starch manufacture residues imports to Guatemala, together comprising 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belize (with a CAGR of +154.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of residues of starch manufacture to Guatemala, comprising 72% of total imports. The second position in the ranking was taken by Belize ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belize (+146.8% per year) and Honduras (+78.5% per year).

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, which is down by -28% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform