Guatemala - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Guatemala - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights

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Price for Glass Fibre and Article in Guatemala - 2023

Contents:

  1. Price for Glass Fibre and Article in Guatemala (CIF) - 2022
  2. Price for Glass Fibre and Article in Guatemala (FOB) - 2022
  3. Imports of Glass Fibre and Article in Guatemala
  4. Exports of Glass Fibre and Article in Guatemala

Price for Glass Fibre and Article in Guatemala (CIF) - 2022

The average glass fibre and article import price stood at $3,343 per ton in 2022, picking up by 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($8,789 per ton), while the price for China ($1,870 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Fibre and Article in Guatemala (FOB) - 2022

The average glass fibre and article export price stood at $4,592 per ton in 2022, growing by 6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 70%. As a result, the export price reached the peak level of $7,788 per ton. From 2018 to 2022, the average 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 the United States ($61,705 per ton), while the average price for exports to Mexico ($2,713 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 United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre and Article in Guatemala

In 2022, the amount of glass fibres and glass fibre articles imported into Guatemala soared to 3.1K tons, with an increase of 141% compared with 2021 figures. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre and article imports skyrocketed to $11M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Glass Fibre and Article in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8711,0021,2753,22954.8%
United States9179131,1312,55940.8%
Mexico1,0031,2537842,05126.9%
Colombia3233062091,23156.2%
MalaysiaN/AN/A16.04462687.5%
South Korea49.120.821.816248.9%
Others31828158285138.8%
Total3,4813,7754,02010,52844.6%

Top Suppliers of Glass Fibre and Article to Guatemala in 2022:

  1. China (1726.8 tons)
  2. Mexico (521.9 tons)
  3. Colombia (409.4 tons)
  4. United States (303.3 tons)
  5. South Korea (52.6 tons)
  6. Malaysia (50.7 tons)

Exports of Glass Fibre and Article in Guatemala

For the fourth consecutive year, Guatemala recorded growth in overseas shipments of glass fibres and glass fibre articles, which increased by 18% to 129 tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, glass fibre and article exports soared to $594K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Glass Fibre and Article in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras46.111616527180.5%
El Salvador88.110415691.81.4%
United States82.182.196.188.02.3%
Costa Rica21.52.815.950.833.2%
Mexico0.5N/A0.236.4317.6%
Nicaragua51.619.728.331.6-15.1%
Others38.113.315.623.6-14.8%
Total32833847759421.9%

Top Export Markets for Glass Fibre and Article from Guatemala in 2022:

  1. Honduras (77.4 tons)
  2. El Salvador (22.1 tons)
  3. Mexico (13.4 tons)
  4. Costa Rica (10.2 tons)
  5. Nicaragua (3.5 tons)
  6. United States (1.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glass fibre and article 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 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
  • Prodcom 23141130 - Glass fibre filaments (including rovings)
  • Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
  • Prodcom 23141170 - Staple glass fibre articles
  • Prodcom 23141210 -
  • Prodcom 23141230 -
  • Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
  • Prodcom 23141293 -
  • Prodcom 23141295 -
  • Prodcom 23141299 -
  • Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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