Report Update: May 1, 2024

Guatemala - Finishing Agents Used In The Textile Industry - Market Analysis, Forecast, Size, Trends And Insights

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Price for Textile Industry Finishing Agents in Guatemala - 2023

Price for Textile Industry Finishing Agents in Guatemala (CIF) - 2022

In 2022, the average textile industry finishing agents import price amounted to $2,633 per ton, jumping by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price reached 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 the United States ($4,611 per ton), while the price for Mexico ($1,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Industry Finishing Agents in Guatemala (FOB) - 2022

The average textile industry finishing agents export price stood at $1,181 per ton in 2022, rising by 12% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The export price peaked at $1,566 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 the Dominican Republic ($1,663 per ton), while the average price for exports to Panama ($946 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 El Salvador (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Textile Industry Finishing Agents in Guatemala

After three years of growth, purchases abroad of finishing agents used in the textile industry decreased by -12.4% to 13K tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 +26.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 15K tons, and then fell in the following year.

In value terms, textile industry finishing agents imports soared to $35M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Textile Industry Finishing Agents in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	4.3	4.2	11.6	17.2	58.7%
Mexico	4.4	2.9	5.1	6.0	10.9%
Portugal	1.9	2.0	3.0	2.7	12.4%
China	0.1	0.1	0.4	2.7	200.0%
United States	1.5	1.8	1.5	2.3	15.3%
Brazil	0.3	0.2	0.5	0.8	38.7%
Honduras	7.0	8.3	5.7	0.6	-55.9%
Others	1.5	1.3	1.9	2.9	24.6%
Total	20.9	20.9	29.7	35.2	19.0%

Top Suppliers of Textile Industry Finishing Agents to Guatemala in 2022:

South Korea (5.3K tons)
Mexico (4.3K tons)
China (1.0K tons)
Portugal (0.8K tons)
United States (0.5K tons)
Brazil (0.3K tons)
Honduras (0.3K tons)

Exports of Textile Industry Finishing Agents in Guatemala

In 2022, overseas shipments of finishing agents used in the textile industry decreased by -3.4% to 16K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports reached the peak of 16K tons, and then declined modestly in the following year.

In value terms, textile industry finishing agents exports rose rapidly to $19M in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Textile Industry Finishing Agents in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	3.9	4.2	5.8	7.3	23.2%
Panama	4.1	3.8	4.2	4.4	2.4%
Nicaragua	2.8	2.6	3.1	3.3	5.6%
El Salvador	2.6	3.5	3.5	2.9	3.7%
Others	0.8	0.5	0.7	0.9	4.0%
Total	14.2	14.6	17.3	18.8	9.8%

Top Export Markets for Textile Industry Finishing Agents from Guatemala in 2022:

Honduras (5.5K tons)
Panama (4.6K tons)
Nicaragua (3.3K tons)
El Salvador (1.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for textile industry finishing agents 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 20595570 - Finishing agents, etc., used in the textile industry

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023