Salicylic Acid Price in Guatemala - 2023
Contents:
- Salicylic Acid Price in Guatemala (CIF) - 2022
- Salicylic Acid Price in Guatemala (FOB) - 2022
- Salicylic Acid Imports in Guatemala
- Salicylic Acid Exports in Guatemala
Salicylic Acid Price in Guatemala (CIF) - 2022
The average salicylic acid import price stood at $12,197 per ton in 2022, picking up by 2.3% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 148%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($50,832 per ton), while the price for China ($5,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Salicylic Acid Price in Guatemala (FOB) - 2022
The average salicylic acid export price stood at $5,399 per ton in 2022, with a decrease of -7.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 50% against the previous year. The export price peaked at $5,881 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($6,046 per ton) and the Dominican Republic ($5,730 per ton), while the average price for exports to Costa Rica ($4,856 per ton) and Honduras ($5,198 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Salicylic Acid Imports in Guatemala
In 2022, the amount of salicylic acid and its salts imported into Guatemala skyrocketed to 15 tons, rising by 25% against 2021 figures. The total import volume increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, salicylic acid imports surged to $179K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Salicylic Acid in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 55.3 | 8.6 | 84.1 | 92.1 | 18.5% |
| China | 43.5 | 72.5 | 39.6 | 57.3 | 9.6% |
| Mexico | 3.9 | 4.1 | 7.7 | 13.6 | 51.6% |
| United States | 10.4 | 14.9 | 5.8 | 0.8 | -57.5% |
| Italy | 6.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 2.3 | 2.8 | 15.3 | 324.5% |
| Total | 120 | 102 | 140 | 179 | 14.3% |
Top Suppliers of Salicylic Acid to Guatemala in 2022:
- China (11.0 tons)
- Germany (3.2 tons)
- Mexico (0.3 tons)
Salicylic Acid Exports in Guatemala
In 2022, shipments abroad of salicylic acid and its salts was finally on the rise to reach 11 tons after two years of decline. Overall, exports, however, saw a perceptible decline.
In value terms, salicylic acid exports expanded markedly to $60K in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Salicylic Acid in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 7.2 | 10.8 | 9.2 | 19.4 | 39.2% |
| El Salvador | 22.0 | 7.3 | 26.2 | 18.5 | -5.6% |
| Honduras | 7.7 | 8.8 | 7.3 | 14.4 | 23.2% |
| Nicaragua | 10.8 | 11.4 | 7.6 | 4.8 | -23.7% |
| Dominican Republic | 2.5 | 1.5 | 3.6 | 2.0 | -7.2% |
| Mexico | 5.1 | 7.0 | N/A | N/A | 37.3% |
| Others | N/A | N/A | N/A | 0.8 | 0% |
| Total | 55.4 | 46.8 | 53.9 | 59.8 | 2.6% |
Top Export Markets for Salicylic Acid from Guatemala in 2022:
- Costa Rica (4.0 tons)
- El Salvador (3.1 tons)
- Honduras (2.8 tons)
- Nicaragua (0.9 tons)
- Dominican Republic (0.3 tons)
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