Guatemala: Ethanol Market 2024

Ethanol Market Size in Guatemala

The Guatemalan ethanol market soared to $X in 2023, growing by X% against the previous year. In general, consumption showed prominent growth. Ethanol consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ethanol Production in Guatemala

In value terms, ethanol production expanded significantly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Ethanol production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Ethanol Exports

Exports from Guatemala

In 2023, shipments abroad of ethyl alcohol decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X litres in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, ethanol exports shrank notably to $X in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank remarkably in the following year.

Exports by Country

The Netherlands (X litres) was the main destination for ethanol exports from Guatemala, accounting for a X% share of total exports. Moreover, ethanol exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X litres), fivefold. The United States (X litres) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ethyl alcohol exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average ethanol export price amounted to $X per litre, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per litre, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per litre) and Honduras ($X per litre), while the average price for exports to the UK ($X per litre) and Switzerland ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Guatemala

Ethanol imports into Guatemala rose rapidly to X litres in 2023, surging by X% compared with the year before. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X litres. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, ethanol imports reached $X in 2023. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Mexico (X litres) constituted the largest ethanol supplier to Guatemala, accounting for a X% share of total imports. Moreover, ethanol imports from Mexico exceeded the figures recorded by the second-largest supplier, Paraguay (X litres), more than tenfold. Germany (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Germany (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of ethyl alcohol to Guatemala, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Germany (X% per year).

Import Prices by Country

The average ethanol import price stood at $X per litre in 2023, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per litre in 2022, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Paraguay ($X per litre) and the United States ($X per litre), while the price for Germany ($X per litre) and Mexico ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform