Guatemala: Patent Leather Market 2024

Patent Leather Market Size in Guatemala

The Guatemalan patent leather market declined rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Patent Leather Production in Guatemala

In value terms, patent leather production shrank to $X in 2022 estimated in export price. In general, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Patent leather production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Patent Leather Exports

Exports from Guatemala

In 2022, after two years of decline, there was significant decline in shipments abroad of patent leather, patent laminated leather and metallised leather, when their volume decreased by X% to X square meters. In general, exports, however, continue to indicate a strong expansion. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, patent leather exports shrank significantly to $X in 2022. Over the period under review, exports recorded a deep reduction. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X square meters) was the main destination for patent leather exports from Guatemala, with a X% share of total exports. Moreover, patent leather exports to Nicaragua exceeded the volume sent to the second major destination, Costa Rica (X square meters), fourfold. The third position in this ranking was taken by El Salvador (X square meters), with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and El Salvador (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for patent leather, patent laminated leather and metallised leather exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2013 to 2022, the average annual growth rate of value to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average patent leather export price stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a dramatic slump. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Patent Leather Imports

Imports into Guatemala

In 2022, after three years of growth, there was significant decline in overseas purchases of patent leather, patent laminated leather and metallised leather, when their volume decreased by X% to X square meters. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X square meters in 2021, and then contracted notably in the following year.

In value terms, patent leather imports reduced remarkably to $X in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X square meters) was the main patent leather supplier to Guatemala, with a X% share of total imports. Moreover, patent leather imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of patent leather, patent laminated leather and metallised leather to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average patent leather import price amounted to $X per square meter, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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