Guatemala: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Guatemala

The Guatemalan market for aluminium casks, drums, cans, boxes and similar containers was estimated at $X in 2023, rising by X% against the previous year. In general, consumption recorded a prominent increase. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Guatemala

In value terms, production of aluminium casks, drums, cans, boxes and similar containers rose rapidly to $X in 2023 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Guatemala

In 2023, exports of aluminium casks, drums, cans, boxes and similar containers from Guatemala fell to X units, approximately equating the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers declined to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

El Salvador (X units), Honduras (X units) and Costa Rica (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from Guatemala, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium cask, drum, can, box and similar container exported from Guatemala were El Salvador ($X), Honduras ($X) and Costa Rica ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Panama ($X per unit) and Costa Rica ($X per unit), while the average price for exports to El Salvador ($X per unit) and Honduras ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Guatemala

In 2023, the amount of aluminium casks, drums, cans, boxes and similar containers imported into Guatemala contracted dramatically to X units, which is down by X% against 2022 figures. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports of reached the peak figure at X units in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers shrank sharply to $X in 2023. In general, imports showed a mild slump. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Mexico (X units) constituted the largest aluminium cask, drum, can, box and similar container supplier to Guatemala, accounting for a X% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Mexico exceeded the figures recorded by the second-largest supplier, Panama (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (X% per year) and the United States (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to Guatemala, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Panama, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Panama (X% per year).

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform