Waxes; Artificial, Prepared Price in Guatemala - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Guatemala (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Guatemala (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Guatemala
4. Waxes; Artificial, Prepared Exports in Guatemala

Waxes; Artificial, Prepared Price in Guatemala (CIF) - 2022

The average waxes; artificial, prepared import price stood at $3,724 per ton in 2022, increasing by 9.2% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The import price peaked at $4,961 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 South Korea ($5,632 per ton), while the price for South Africa ($2,164 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Guatemala (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $3,953 per ton, with an increase of 26% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices reached the peak figure at $5,467 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($15,673 per ton), while the average price for exports to Nicaragua ($2,525 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+7.3%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in Guatemala

In 2022, the amount of waxes; artificial, prepared imported into Guatemala declined slightly to 1K tons, dropping by -1.8% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 1K tons, and then reduced modestly in the following year.

In value terms, waxes; artificial, prepared imports expanded notably to $3.8M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Waxes; Artificial, Prepared to Guatemala in 2022:

1. Mexico (339.8 tons)
2. Argentina (249.6 tons)
3. United States (169.1 tons)
4. Germany (111.3 tons)
5. China (40.2 tons)
6. South Korea (29.3 tons)
7. South Africa (20.2 tons)

Waxes; Artificial, Prepared Exports in Guatemala

For the third year in a row, Guatemala recorded decline in overseas shipments of waxes; artificial, prepared, which decreased by -17.7% to 63 tons in 2022. Overall, exports showed a deep reduction. The smallest decline of -15.3% was in 2021.

In value terms, waxes; artificial, prepared exports rose modestly to $249K in 2022. In general, exports faced a deep reduction.

Top Export Markets for Waxes; Artificial, Prepared from Guatemala in 2022:

1. El Salvador (23.3 tons)
2. Costa Rica (20.7 tons)
3. Honduras (14.2 tons)
4. Nicaragua (2.8 tons)
5. Dominican Republic (1.6 tons)

Source: IndexBox Market Intelligence Platform