Guatemala: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Guatemala

The Guatemalan propylene polymer rigid pipes market amounted to $X in 2022, increasing by 5.9% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -5.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Guatemala

In value terms, propylene polymer rigid pipes production expanded remarkably to $X in 2022 estimated in export price. Overall, production recorded mild growth. The growth pace was the most rapid in 2017 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Guatemala

In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene exported from Guatemala shrank remarkably to X tons, which is down by -30.5% against 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 219%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports shrank remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 220%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Mexico (X tons) were the main destinations of propylene polymer rigid pipes exports from Guatemala.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +64.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Mexico ($X) constituted the largest markets for propylene polymer rigid pipes exported from Guatemala worldwide.

Among the main countries of destination, El Salvador, with a CAGR of +56.9%, saw the highest rates of growth with regard to 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 propylene polymer rigid pipes export price amounted to $X per ton, with an increase of 3.5% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Honduras ($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 Panama (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Guatemala

After three years of growth, overseas purchases of rigid tubes, pipes and hoses of polymers of propylene decreased by -26.1% to X tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 630% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports expanded slightly to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 355% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) constituted the largest propylene polymer rigid pipes supplier to Guatemala, accounting for a 71% share of total imports. Moreover, propylene polymer rigid pipes imports from Mexico exceeded the figures recorded by the second-largest supplier, Panama (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+49.8% per year) and Italy (+420.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Guatemala, comprising 46% of total imports. The second position in the ranking was held by Panama ($X), with a 22% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+59.7% per year) and Italy (+260.6% per year).

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, growing by 38% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belize (+752.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform