Report Update: May 1, 2024

Guatemala - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Stearic Acid Price in Guatemala - 2023

Industrial Stearic Acid Price in Guatemala (CIF) - 2022

The average industrial stearic acid import price stood at $1,729 per ton in 2022, increasing by 2.7% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial stearic acid import price increased by +95.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 69%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1,984 per ton), while the price for Nicaragua ($821 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Industrial Stearic Acid Price in Guatemala (FOB) - 2022

In 2022, the average industrial stearic acid export price amounted to $2,246 per ton, growing by 27% against the previous year. Over the period under review, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 an increase of 96% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($2,566 per ton) and El Salvador ($2,338 per ton), while the average price for exports to Honduras ($2,154 per ton) and Costa Rica ($2,192 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports in Guatemala

Industrial stearic acid imports into Guatemala dropped to 654 tons in 2022, with a decrease of -13.4% on the year before. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 755 tons, and then declined in the following year.

In value terms, industrial stearic acid imports dropped to $1.1M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. As a result, imports reached the peak of $1.3M, and then declined in the following year.

Import of Industrial Stearic Acid in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	260	208	599	605	32.5%
Indonesia	252	105	594	256	0.5%
China	0.2	49.0	N/A	131	768.5%
Nicaragua	N/A	N/A	N/A	108	0%
Singapore	N/A	170	N/A	N/A	0%
Others	24.0	58.5	77.2	30.6	8.4%
Total	536	590	1,270	1,131	28.3%

Top Suppliers of Industrial Stearic Acid to Guatemala in 2022:

Malaysia (304.7 tons)
Nicaragua (132.0 tons)
Indonesia (129.6 tons)
China (78.3 tons)

Industrial Stearic Acid Exports in Guatemala

In 2022, overseas shipments of industrial stearic acid decreased by -11.3% to 42 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a mild curtailment. The growth pace was the most rapid in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of 72 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial stearic acid exports rose significantly to $95K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Industrial Stearic Acid in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	18.1	16.0	23.6	34.2	23.6%
El Salvador	24.6	4.9	7.8	31.0	8.0%
Costa Rica	10.2	24.6	46.0	17.8	20.4%
Nicaragua	3.1	34.6	2.8	7.2	32.4%
Dominican Republic	3.3	N/A	4.6	5.1	15.6%
Others	N/A	N/A	N/A	N/A	0%
Total	59.3	80.2	84.8	95.3	17.1%

Top Export Markets for Industrial Stearic Acid from Guatemala in 2022:

Honduras (15.9 tons)
El Salvador (13.2 tons)
Costa Rica (8.1 tons)
Nicaragua (3.2 tons)
Dominican Republic (2.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial stearic acid market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023