Guatemala: Tow-Behind Air Compressor Market 2025

Tow-Behind Air Compressor Market Size in Guatemala

After five years of growth, the Guatemalan tow-behind air compressor market decreased by -16.6% to $X in 2022. Over the period under review, consumption saw a noticeable contraction. Tow-behind air compressor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports from Guatemala

In 2022, shipments abroad of air compressors mounted on a wheeled chassis for towing increased by 24% to X units, rising for the second consecutive year after four years of decline. Overall, exports recorded a noticeable increase. The pace of growth was the most pronounced in 2015 when exports increased by 148%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 232% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X units), Panama (X units) and Costa Rica (X units) were the main destinations of tow-behind air compressor exports from Guatemala, together accounting for 77% of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +24.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tow-behind air compressor exported from Guatemala were El Salvador ($X), Panama ($X) and Costa Rica ($X), together accounting for 82% of total exports. Honduras, Belize, Nicaragua, Ecuador and Mexico lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Belize, with a CAGR of +58.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, increasing by 3.4% 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 2015 an increase of 34% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Guatemala

In 2022, overseas purchases of air compressors mounted on a wheeled chassis for towing decreased by -23.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when imports increased by 53%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 26%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to Guatemala, with a 41% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.8% per year) and the United States (-0.5% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest tow-behind air compressor suppliers to Guatemala, together accounting for 89% of total imports. South Korea, Mexico, Italy, Canada and Belgium lagged somewhat behind, together comprising a further 6.9%.

Italy, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, surging by 27% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 141%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform