Price for Rosin and Resin Acids in Guatemala - 2023

Contents:

1. Price for Rosin and Resin Acids in Guatemala (CIF) - 2022
2. Price for Rosin and Resin Acids in Guatemala (FOB) - 2022
3. Imports of Rosin and Resin Acids in Guatemala
4. Exports of Rosin and Resin Acids in Guatemala

Price for Rosin and Resin Acids in Guatemala (CIF) - 2022

In 2022, the average rosin and resin acids import price amounted to $2,046 per ton, surging by 30% against the previous year. Over the period under review, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. The import price peaked at $3,073 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($2,709 per ton), while the price for China ($1,889 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rosin and Resin Acids in Guatemala (FOB) - 2022

The average rosin and resin acids export price stood at $2,960 per ton in 2022, with a decrease of -38.3% against the previous year. Overall, the export price saw a slight descent. The growth pace was the most rapid in 2014 an increase of 174%. The export price peaked at $5,590 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($6,143 per ton), while the average price for exports to Honduras amounted to $938 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.6%).

Imports of Rosin and Resin Acids in Guatemala

In 2022, approx. 697 tons of rosin and resin acidses were imported into Guatemala; with an increase of 27% against the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 95% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, rosin and resin acids imports surged to $1.4M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 82%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Rosin and Resin Acids to Guatemala in 2022:

1. Honduras (430.5 tons)
2. China (242.7 tons)
3. Mexico (20.4 tons)

Exports of Rosin and Resin Acids in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas shipments of rosin and resin acidses, which increased by 113% to 5.4 tons in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rosin and resin acids exports soared to $16K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Export Markets for Rosin and Resin Acids from Guatemala in 2022:

1. Honduras (3.3 tons)
2. Mexico (2.1 tons)

Source: IndexBox Market Intelligence Platform