Price for Hydroxide and Peroxide of Magnesium in Guatemala - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Guatemala (CIF) - 2022
  2. Price for Hydroxide and Peroxide of Magnesium in Guatemala (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in Guatemala
  4. Exports of Hydroxide and Peroxide of Magnesium in Guatemala

Price for Hydroxide and Peroxide of Magnesium in Guatemala (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,390 per ton, declining by -48.8% against the previous year. Overall, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 310% against the previous year. Over the period under review, average import prices attained the peak figure at $2,715 per ton in 2021, and then shrank notably 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 South Korea ($7,428 per ton), while the price for China ($618 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+271.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in Guatemala (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $6,437 per ton in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, the average export prices hit record highs at $7,042 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($7,420 per ton), while the average price for exports to the Dominican Republic ($2,754 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 (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide and Peroxide of Magnesium in Guatemala

In 2022, the amount of hydroxide and peroxide of magnesia imported into Guatemala surged to 279 tons, with an increase of 162% compared with the previous year's figure. Over the period under review, imports, however, showed a dramatic shrinkage.

In value terms, hydroxide and peroxide of magnesium imports soared to $387K in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 172% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Import of Hydroxide and Peroxide of Magnesium in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea72.059.520019338.9%
China14810.546.6135-3.0%
India37.2N/A11.735.8-1.3%
Mexico77.735.528.822.7-33.6%
Others0.20.62.30.314.5%
Total3351062893874.9%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Guatemala in 2022:

  1. China (218.8 tons)
  2. South Korea (26.0 tons)
  3. Mexico (20.6 tons)
  4. India (13.2 tons)

Exports of Hydroxide and Peroxide of Magnesium in Guatemala

After two years of decline, shipments abroad of hydroxide and peroxide of magnesia increased by 157% to 10 tons in 2022. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium exports skyrocketed to $66K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hydroxide and Peroxide of Magnesium in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras4.916.812.039.4100.3%
Nicaragua21.73.011.821.70.0%
El Salvador5.1N/A0.93.3-13.5%
Dominican Republic4.32.11.11.5-29.6%
OthersN/AN/AN/AN/A0%
Total36.022.025.765.822.3%

Top Export Markets for Hydroxide and Peroxide of Magnesium from Guatemala in 2022:

  1. Honduras (5.3 tons)
  2. Nicaragua (3.7 tons)
  3. El Salvador (0.7 tons)
  4. Dominican Republic (0.6 tons)

Source: IndexBox Market Intelligence Platform

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