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

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

In 2022, the Guatemalan market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 11% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Guatemala

In value terms, vinyl chloride polymer rigid pipes production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Guatemala

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were exported from Guatemala; reducing by -16.4% against the previous year's figure. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, vinyl chloride polymer rigid pipes exports dropped modestly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Guatemala, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +5.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Guatemala were Honduras ($X), El Salvador ($X) and Nicaragua ($X), together accounting for 85% of total exports.

In terms of the main countries of destination, El Salvador, with a CAGR of +9.9%, 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 export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, with an increase of 17% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +65.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Nicaragua ($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 Costa Rica (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Guatemala

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -24% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.4% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by 27%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports dropped to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Guatemala, with a 61% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. Honduras (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Costa Rica totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.5% per year) and Honduras (+15.6% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Guatemala, comprising 54% of total imports. The second position in the ranking was held by Mexico ($X), with a 19% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+16.7% per year) and China (+16.1% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, picking up by 25% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +83.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform