How much is Guatemala's natural rubber worth?

A paid subscription is required for full access. Guatemala's natural rubber exports were valued at roughly 174.5 million U.S. dollars in 2023. That year, Guatemala was one of the top ten natural rubber exporting countries, with an export valued ranked at ninth in the world.

How big is Guatemala's rubber industry?

We want to go far so the Guatemalan exports of processed rubber and manufactures derived from the same product can reach a total of US$1.92 billion. Guatemala has great potential, ever since 1995 that it started with 25 thousand tons and in 2021 it reported 116 thousand tons.

Is Guatemala a natural rubber exporter?

Guatemala is a net exporter of natural rubber. The annual growth of Guatemala natural rubber in value between 2015 to 2019 was -16%, per year, while annual growth in quantity during the same period was %, per annum. Guatemala ordered 600 tonnes of natural rubber in 2019.

How will Guatemala's strategic plan impact the rubber industry?

“We believe that with this strategic plan we will be able to expand markets. We want to go far so the Guatemalan exports of processed rubber and manufactures derived from the same product can reach a total of US$1.92 billion.

What is natural rubber used for?

Natural rubber is a strategic industrial raw material in the world; its production is solid (85%) and centrifuged latex or liquid rubber (15%) and at least 75% is for consumption by the automotive and tire industries, as well as balloons, gloves, condoms and elastic threads.

What are the strategic objectives of rubber processing?

Among the strategic objectives of rubber processing are: • Position Guatemala as the origin of the best quality rubber and latex in the world and as the origin focused on comprehensive sustainability. • Internationally certify the Guatemalan rubber standard.