Borates; Peroxoborates (Perborates) Price in Guatemala - 2023

Borates; Peroxoborates (Perborates) Price in Guatemala (FOB) - 2023

In October 2023, the average borates; peroxoborates (perborates) export price amounted to $823 per ton, almost unchanged from the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices attained the maximum at $893 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was Brazil ($825 per ton), while the average price for exports to Mexico stood at $729 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Borates; Peroxoborates (Perborates) Price in Guatemala (CIF) - 2022

The average borates; peroxoborates (perborates) import price stood at $730 per ton in 2022, growing by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The import price peaked at $1,188 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($849 per ton), while the price for Turkey stood at $701 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the prices for the other major suppliers experienced a decline.

Borates; Peroxoborates (Perborates) Exports in Guatemala

In 2022, exports of borates; peroxoborates (perborates)s from Guatemala skyrocketed to 18K tons, picking up by 121% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 496% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, borates; peroxoborates (perborates) exports skyrocketed to $13M in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 437%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Export of Borates; Peroxoborates (Perborates) in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	146	290	3,092	9,681	304.8%
Mexico	111	273	1,123	1,151	118.1%
Costa Rica	4.5	45.7	57.6	1,068	519.1%
Nicaragua	0.8	160	534	619	818.1%
Honduras	12.3	18.8	205	246	171.4%
Dominican Republic	129	123	154	22.3	-44.3%
Others	56.3	61.1	55.3	156	40.5%
Total	460	971	5,221	12,944	204.2%

Top Export Markets for Borates; Peroxoborates (Perborates) from Guatemala in 2022:

Dominican Republic (undefinedK tons)
Brazil (14.1K tons)
Mexico (1.5K tons)
Costa Rica (1.2K tons)
Nicaragua (0.8K tons)
Honduras (0.3K tons)

Borates; Peroxoborates (Perborates) Imports in Guatemala

In 2022, overseas purchases of borates; peroxoborates (perborates)s decreased by -28.9% to 17K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 296% against the previous year. As a result, imports reached the peak of 24K tons, and then reduced dramatically in the following year.

In value terms, borates; peroxoborates (perborates) imports contracted modestly to $12M in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 227% against the previous year.

Import of Borates; Peroxoborates (Perborates) in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	0.3	4.0	11.4	10.8	230.2%
United States	0.5	1.1	0.9	1.0	26.0%
Peru	0.1	0.2	0.4	0.3	44.2%
Malaysia	0.6	0.1	N/A	N/A	-83.3%
Others	0.1	0.1	0.3	0.2	26.0%
Total	1.7	5.5	12.9	12.4	93.9%