Guatemala: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Guatemala

The Guatemalan odoriferous substance mixture market skyrocketed to $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Odoriferous Substance Mixture Exports

Exports from Guatemala

In 2023, after four years of growth, there was significant decline in overseas shipments of mixtures of odoriferous substances and their preparations, when their volume decreased by X% to X tons. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2022, and then fell in the following year.

In value terms, odoriferous substance mixture exports shrank to $X in 2023. Over the period under review, exports, however, continue to indicate a significant expansion. 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 reached the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

Mexico (X tons), Honduras (X tons) and El Salvador (X tons) were the main destinations of odoriferous substance mixture exports from Guatemala, with a combined X% share 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 Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2023, the average odoriferous substance mixture export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Guatemala

For the sixth consecutive year, Guatemala recorded growth in overseas purchases of mixtures of odoriferous substances and their preparations, which increased by X% to X tons in 2023. In general, total imports indicated strong growth 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 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, odoriferous substance mixture imports expanded rapidly to $X in 2023. Overall, total imports indicated strong growth 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 increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Mexico (X tons) constituted the largest supplier of odoriferous substance mixture to Guatemala, with a X% share of total imports. Moreover, odoriferous substance mixture imports from Mexico exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

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

In value terms, Uruguay ($X), Mexico ($X) and the United States ($X) appeared to be the largest odoriferous substance mixture suppliers to Guatemala, with a combined X% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained 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 Uruguay ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform