Guatemala: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Guatemala

For the third year in a row, the Guatemalan barium or aluminium sulphates market recorded growth in sales value, which increased by 18% to $X in 2022. The market value increased at an average annual rate of +4.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Barium or aluminium sulphates consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Sulphates Of Barium Or Aluminium

Exports from Guatemala

Barium or aluminium sulphates exports from Guatemala reduced to X tons in 2022, which is down by -8.2% on the year before. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 846% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 594% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

El Salvador (X tons) was the main destination for barium or aluminium sulphates exports from Guatemala, with a 98% share of total exports. It was followed by Nicaragua (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-7.4% per year) and Honduras (-54.6% per year).

In value terms, El Salvador ($X) remains the key foreign market for sulphates of barium or aluminium exports from Guatemala, comprising 98% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-7.2% per year) and Honduras (-50.9% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, growing by 48% against the previous year. Over the period under review, the export price recorded mild growth. The most prominent rate of growth was recorded in 2020 an increase of 273%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Nicaragua ($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 Honduras (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Guatemala

In 2022, imports of sulphates of barium or aluminium into Guatemala expanded modestly to X tons, with an increase of 3.2% on 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, barium or aluminium sulphates imports soared to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +104.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) was the main supplier of barium or aluminium sulphates to Guatemala, accounting for a 97% share of total imports. It was followed by Turkey (X tons), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.6% per year) and China (-14.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of sulphates of barium or aluminium to Guatemala, comprising 97% of total imports. The second position in the ranking was taken by Turkey ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.4% per year) and China (-25.1% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, rising by 31% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price increased by +73.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform