| Product Code: ETC7397322 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Guatemala continued to see significant neoprene import shipments, with top exporting countries being the USA, France, Mexico, Japan, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the compound annual growth rate (CAGR) from 2020 to 2024 was negative at -21.04%, with a sharp decline in growth rate from 2023 to 2024 at -58.98%. These trends suggest a challenging market environment for neoprene imports in Guatemala, highlighting the need for strategic adjustments and market diversification.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Neoprene Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Neoprene Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Neoprene Market - Industry Life Cycle |
3.4 Guatemala Neoprene Market - Porter's Five Forces |
3.5 Guatemala Neoprene Market Revenues & Volume Share, By Manufacturing Route, 2021 & 2031F |
3.6 Guatemala Neoprene Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Guatemala Neoprene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Guatemala Neoprene Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Guatemala Neoprene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for neoprene products in water sports and recreational activities |
4.2.2 Growing awareness about the benefits of neoprene material in various industries |
4.2.3 Rise in disposable income leading to higher spending on premium neoprene products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in neoprene production |
4.3.2 Intense competition from substitute materials like polyester and nylon |
4.3.3 Impact of economic downturns on consumer purchasing power |
5 Guatemala Neoprene Market Trends |
6 Guatemala Neoprene Market, By Types |
6.1 Guatemala Neoprene Market, By Manufacturing Route |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Neoprene Market Revenues & Volume, By Manufacturing Route, 2021- 2031F |
6.1.3 Guatemala Neoprene Market Revenues & Volume, By Butadiene Route, 2021- 2031F |
6.1.4 Guatemala Neoprene Market Revenues & Volume, By Acetylene Route, 2021- 2031F |
6.2 Guatemala Neoprene Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Neoprene Market Revenues & Volume, By General-Purpose Grade Neoprene, 2021- 2031F |
6.2.3 Guatemala Neoprene Market Revenues & Volume, By Pre-Crosslinked Grade Neoprene, 2021- 2031F |
6.2.4 Guatemala Neoprene Market Revenues & Volume, By Sulfer-Modified Grade Neoprene, 2021- 2031F |
6.2.5 Guatemala Neoprene Market Revenues & Volume, By Slow Crystallizing Grade Neoprene, 2021- 2031F |
6.3 Guatemala Neoprene Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Neoprene Market Revenues & Volume, By Technical Rubber, 2021- 2031F |
6.3.3 Guatemala Neoprene Market Revenues & Volume, By Adhesives Industry, 2021- 2031F |
6.3.4 Guatemala Neoprene Market Revenues & Volume, By Latex Industry, 2021- 2031F |
6.4 Guatemala Neoprene Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Neoprene Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Guatemala Neoprene Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.4.4 Guatemala Neoprene Market Revenues & Volume, By Consumer goods, 2021- 2031F |
6.4.5 Guatemala Neoprene Market Revenues & Volume, By Medical, 2021- 2031F |
7 Guatemala Neoprene Market Import-Export Trade Statistics |
7.1 Guatemala Neoprene Market Export to Major Countries |
7.2 Guatemala Neoprene Market Imports from Major Countries |
8 Guatemala Neoprene Market Key Performance Indicators |
8.1 Percentage growth in the number of neoprene product manufacturers in Guatemala |
8.2 Average selling price of neoprene products in the market |
8.3 Adoption rate of neoprene material in new applications and industries |
9 Guatemala Neoprene Market - Opportunity Assessment |
9.1 Guatemala Neoprene Market Opportunity Assessment, By Manufacturing Route, 2021 & 2031F |
9.2 Guatemala Neoprene Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Guatemala Neoprene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Guatemala Neoprene Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Guatemala Neoprene Market - Competitive Landscape |
10.1 Guatemala Neoprene Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Neoprene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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