Guatemala: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Guatemala

After two years of growth, the Guatemalan saturated acyclic monocarboxylic acids market decreased by X% to $X in 2022. Overall, consumption, however, saw a tangible expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Guatemala

In value terms, saturated acyclic monocarboxylic acids production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Guatemala

Saturated acyclic monocarboxylic acids exports from Guatemala reduced remarkably to X tons in 2022, with a decrease of X% compared with 2021 figures. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, saturated acyclic monocarboxylic acids exports declined to $X in 2022. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Guatemala, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to El Salvador ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Guatemala

After two years of growth, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, saturated acyclic monocarboxylic acids imports dropped to $X in 2022. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Guatemala, together comprising X% of total imports.

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

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Guatemala were China ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform