Guatemala: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2025

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Guatemala

In 2022, the Guatemalan market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a resilient increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Guatemala

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment fell to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 70% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from Guatemala

In 2022, after six years of growth, there was significant decline in overseas shipments of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when their volume decreased by -61.2% to X tons. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,238%. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment shrank markedly to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 580%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Guatemala, with a 98% share of total exports. It was followed by the United States (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Honduras was relatively modest.

In value terms, Honduras ($X) emerged as the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Guatemala, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Honduras amounted to -7.6%.

Export Prices by Country

In 2022, the average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, growing by 48% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-7.2%).

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into Guatemala

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment into Guatemala dropped sharply to X tons, reducing by -21.7% against the previous year. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 4,952%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced to $X in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 5,141%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and China (X kg) were the main suppliers of imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Guatemala, with a combined 94% share of total imports. France lagged somewhat behind, accounting for a further 4.4%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +295.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and China ($X) constituted the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment suppliers to Guatemala, together accounting for 94% of total imports. France lagged somewhat behind, accounting for a further 5.4%.

In terms of the main suppliers, France, with a CAGR of +395.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 103% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+666.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform