Guatemala: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Guatemala

In 2023, the Guatemalan market for polyethylene with a specific gravity of less than X, in primary forms decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a temperate expansion 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Guatemala

In 2023, after six years of growth, there was decline in shipments abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by X% to X tons. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2022, and then declined slightly in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell to $X in 2023. Overall, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Peru (X tons), El Salvador (X tons) and Costa Rica (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Guatemala, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for polyethylene with a specific gravity of less than X exported from Guatemala worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Nicaragua, with a CAGR of X%, saw the highest growth rate of 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

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Guatemala

In 2023, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were imported into Guatemala; increasing by X% against 2022 figures. In general, total imports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2023 and are likely to continue growth in years to come.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms reduced dramatically to $X in 2023. Over the period under review, total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest polyethylene with a specific gravity of less than X supplier to Guatemala, with a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. Canada (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Guatemala, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

In 2023, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and Mexico ($X per ton), while the price for Saudi Arabia ($X per ton) and Qatar ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform