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Guatemala - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Guatemala - 2023
Contents:
- Argon Price in Guatemala (FOB) - 2022
- Argon Price in Guatemala (CIF) - 2022
- Argon Exports in Guatemala
- Argon Imports in Guatemala
Argon Price in Guatemala (FOB) - 2022
In 2022, the average argon export price amounted to $1.5 per cubic meter, stabilizing at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 9.5%. The export price peaked at $1.8 per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($2.9 per cubic meter), while the average price for exports to Panama ($1.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Price in Guatemala (CIF) - 2022
The average argon import price stood at $2 per cubic meter in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $3.1 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10 per cubic meter), while the price for Mexico ($2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Exports in Guatemala
In 2022, approx. 421K cubic meters of argon were exported from Guatemala; with an increase of 42% against the previous year. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 87%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, argon exports soared to $638K in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Argon in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 71.2 | 78.2 | 104 | 240 | 49.9% |
Honduras | 119 | 67.6 | 73.8 | 106 | -3.8% |
Dominican Republic | 32.5 | 17.6 | 31.1 | 98.4 | 44.7% |
Panama | 97.1 | 53.8 | 128 | 97.3 | 0.1% |
Belize | 34.8 | 49.6 | 56.3 | 49.2 | 12.2% |
Mexico | N/A | N/A | N/A | 23.3 | 0% |
El Salvador | 0.3 | N/A | 57.4 | 22.9 | 324.2% |
Nicaragua | 42.8 | 20.4 | 1.9 | 0.9 | -72.4% |
Others | N/A | 1.7 | 0.3 | N/A | -82.4% |
Total | 398 | 289 | 453 | 638 | 17.0% |
Top Export Markets for Argon from Guatemala in 2022:
- Costa Rica (144.7K cubic meters)
- Panama (78.6K cubic meters)
- Dominican Republic (78.2K cubic meters)
- Honduras (74.8K cubic meters)
- Belize (19.6K cubic meters)
- Mexico (13.3K cubic meters)
- El Salvador (11.7K cubic meters)
- Nicaragua (0.3K cubic meters)
Argon Imports in Guatemala
Argon imports into Guatemala soared to 219K cubic meters in 2022, surging by 30% compared with 2021 figures. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports reached the peak of 264K cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, argon imports surged to $438K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, imports attained the peak of $482K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Argon in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 188 | 415 | 285 | 413 | 30.0% |
China | N/A | N/A | N/A | 14.4 | 0% |
United States | 76.9 | 16.8 | 7.4 | 9.5 | -50.2% |
El Salvador | 62.7 | 49.8 | 34.5 | N/A | -25.8% |
Others | 1.9 | N/A | 6.6 | 1.1 | -16.7% |
Total | 330 | 482 | 334 | 438 | 9.9% |
Top Suppliers of Argon to Guatemala in 2022:
- Mexico (210.6K cubic meters)
- China (6.4K cubic meters)
- United States (0.9K cubic meters)
This report provides an in-depth analysis of the argon 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 20111120 - Argon
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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