Sulphites; Thiosulphates Price in Guatemala - 2023

Sulphites; Thiosulphates Price in Guatemala (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $882 per ton, flattening at the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; thiosulphates import price increased by +18.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $883 per ton in 2021, and then dropped in the following year.

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 ($1,589 per ton), while the price for Germany ($655 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in Guatemala (FOB) - 2022

In 2022, the average sulphites; thiosulphates export price amounted to $2,602 per ton, growing by 36% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 El Salvador ($7,923 per ton), while the average price for exports to Nicaragua ($979 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 (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; Thiosulphates Imports in Guatemala

In 2022, the amount of sulphites; thiosulphateses imported into Guatemala skyrocketed to 1K tons, with an increase of 32% compared with the previous year. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; thiosulphates imports surged to $913K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sulphites; Thiosulphates in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	68.2	84.4	182	403	80.8%
China	188	172	217	211	3.9%
Turkey	12.0	33.1	35.2	132	122.4%
Mexico	11.3	8.2	24.3	43.6	56.8%
Netherlands	12.2	60.7	50.7	39.7	48.2%
Italy	N/A	N/A	18.4	29.6	60.9%
United States	42.1	48.4	98.8	9.2	-39.8%
Belgium	124	61.5	49.7	N/A	-36.7%
Panama	72.9	134	N/A	N/A	83.8%
Others	17.5	18.4	18.9	45.1	37.1%
Total	549	621	694	913	18.5%

Top Suppliers of Sulphites; Thiosulphates to Guatemala in 2022:

Germany (615.1 tons)
China (179.9 tons)
Turkey (143.3 tons)
Mexico (28.2 tons)
Netherlands (25.0 tons)
Italy (25.0 tons)
United States (5.0 tons)

Sulphites; Thiosulphates Exports in Guatemala

In 2022, overseas shipments of sulphites; thiosulphateses decreased by -85.9% to 26 tons, falling for the second year in a row after two years of growth. In general, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, the exports attained the peak of 278 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphites; thiosulphates exports declined significantly to $67K in 2022. Overall, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 63%. As a result, the exports reached the peak of $631K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Sulphites; Thiosulphates in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	4.2	6.2	4.1	37.8	108.0%
El Salvador	4.8	5.0	14.8	18.4	56.5%
Belize	6.2	5.0	5.7	4.0	-13.6%
Nicaragua	1.5	1.8	62.4	3.9	37.5%
Dominican Republic	0.1	0.2	0.6	1.1	122.4%
Cuba	345	609	252	N/A	-14.5%
Others	24.8	2.8	10.7	2.2	-55.4%
Total	387	631	350	67.4	-44.2%