Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala - 2023

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala (CIF) - 2022
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala (FOB) - 2022
3. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala
4. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala (CIF) - 2022

The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,297 per ton in 2022, rising by 33% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $2,370 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,669 per ton), while the price for Spain ($1,617 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+60.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala (FOB) - 2022

The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $6,500 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2013 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +10.4% per year.

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala

In 2022, supplies from abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -18.2% to 198 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of 242 tons, and then declined remarkably in the following year.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses rose notably to $455K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 147%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Guatemala in 2022:

1. China (100.1 tons)
2. Brazil (51.6 tons)
3. Netherlands (25.1 tons)
4. Spain (18.9 tons)
5. United States (0.7 tons)

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Guatemala

Exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Guatemala shrank dramatically to 2 kg in 2022, with a decrease of -60% on the previous year's figure. Over the period under review, exports continue to indicate a precipitous decline.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped sharply to $13 in 2022. In general, exports recorded a dramatic decline.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Guatemala in 2022:

1. Nicaragua (2.0 kg)

Source: IndexBox Market Intelligence Platform