Guatemala: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Guatemala

After four years of decline, the Guatemalan fluorescent brightening agents market increased by 214% to $X in 2022. Overall, consumption, however, continues to indicate a abrupt curtailment. Fluorescent brightening agents consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fluorescent Brightening Agents Production in Guatemala

In value terms, fluorescent brightening agents production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Guatemala

For the third consecutive year, Guatemala recorded growth in overseas shipments of synthetic organic products used as fluorescent brightening agents, which increased by 14% to X tons in 2022. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 85% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, fluorescent brightening agents exports soared to $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Dominican Republic (X tons) was the main destination for fluorescent brightening agents exports from Guatemala, with a 61% share of total exports. Moreover, fluorescent brightening agents exports to the Dominican Republic exceeded the volume sent to the second major destination, El Salvador (X tons), fivefold. The third position in this ranking was held by Honduras (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+15.3% per year) and Honduras (+11.3% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Guatemala, comprising 57% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 14% share of total exports. It was followed by Honduras, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+18.6% per year) and Honduras (+22.9% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 72%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Nicaragua ($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 (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Guatemala

In 2022, supplies from abroad of synthetic organic products used as fluorescent brightening agents increased by 34% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports surged to $X in 2022. Over the period under review, imports, however, showed a mild descent. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and China (X tons) were the main suppliers of fluorescent brightening agents imports to Guatemala, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +72.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and India ($X) constituted the largest fluorescent brightening agents suppliers to Guatemala, together accounting for 77% of total imports.

Taiwan (Chinese), with a CAGR of +72.9%, recorded the highest growth rate of the value of imports, among the main suppliers 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 fluorescent brightening agents import price amounted to $X per ton, jumping by 24% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform