Guatemala: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Guatemala

In 2022, after two years of growth, there was significant decline in the Guatemalan market for self-adhesive plastic tape in rolls of a width under 20cm, when its value decreased by -5% to $X. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm, which increased by 5.5% to X tons in 2022. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 52%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm expanded sharply to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Costa Rica (X tons), Honduras (X tons) and El Salvador (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Guatemala, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Guatemala were Honduras ($X), El Salvador ($X) and Costa Rica ($X), with a combined 85% share of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of +38.0%, 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 export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, increasing by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 23%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Mexico ($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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Guatemala

In 2022, after two years of growth, there was decline in overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm, when their volume decreased by -2.1% to X tons. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +17.2% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 24%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm declined to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +41.5% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Guatemala, with a 50% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. El Salvador (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.2% per year) and El Salvador (+5.2% per year).

In value terms, China ($X), the United States ($X) and El Salvador ($X) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Guatemala, with a combined 69% share of total imports. Mexico, Hong Kong SAR, Taiwan (Chinese), Spain, South Korea, Costa Rica, Vietnam and Panama lagged somewhat behind, together accounting for a further 19%.

Vietnam, with a CAGR of +40.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform