Guatemala: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Guatemala

The Guatemalan natural rubber and gum market reached $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a sharp decline. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Guatemala

In value terms, natural rubber and gum production expanded to $X in 2022 estimated in export price. Overall, production faced a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of natural rubber and gums in Guatemala rose remarkably to X tons per ha, with an increase of X% on 2021. In general, the yield, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the yield increased by X%. Over the period under review, the average natural rubber and gum yield hit record highs at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The natural rubber and gum harvested area in Guatemala reduced to X ha in 2022, with a decrease of X% on 2021 figures. Over the period under review, the harvested area saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the natural rubber and gum harvested area remained at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from Guatemala

In 2022, after five years of growth, there was significant decline in shipments abroad of natural rubber and gums, when their volume decreased by X% to X tons. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, natural rubber and gum exports reduced to $X in 2022. Over the period under review, exports, however, showed slight growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Mexico (X tons) was the main destination for natural rubber and gum exports from Guatemala, with a X% share of total exports. Moreover, natural rubber and gum exports to Mexico exceeded the volume sent to the second major destination, the United States (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, Mexico ($X) remains the key foreign market for natural rubber and gums exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mexico ($X 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 Italy (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Guatemala

In 2022, approx. X tons of natural rubber and gums were imported into Guatemala; jumping by X% on the previous year. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports soared to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Vietnam (X tons) were the main suppliers of natural rubber and gum imports to Guatemala, together accounting for X% of total imports. Thailand, the United States and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Vietnam ($X) appeared to be the largest natural rubber and gum suppliers to Guatemala, together accounting for X% of total imports. Thailand, Malaysia and the United States lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Malaysia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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