Guatemala: Blow-Moulding Machine Market 2024

Blow-Moulding Machine Market Size in Guatemala

The Guatemalan blow-moulding machine market surged to $X in 2022, picking up by 34% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.6% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Blow-Moulding Machine Production in Guatemala

In value terms, blow-moulding machine production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The growth pace was the most rapid in 2018 with an increase of 91% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Blow-Moulding Machine Exports

Exports from Guatemala

Blow-moulding machine exports from Guatemala amounted to X units in 2022, approximately equating the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1,075%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, blow-moulding machine exports surged to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 72,366%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nicaragua (X units), Honduras (X units) and Costa Rica (X units) were the main destinations of blow-moulding machine exports from Guatemala, together accounting for 75% of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blow-moulding machine exported from Guatemala were Costa Rica ($X), Honduras ($X) and Nicaragua ($X), with a combined 97% share of total exports.

Among the main countries of destination, Costa Rica, with a CAGR of +124.7%, recorded 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

In 2022, the average blow-moulding machine export price amounted to $X per unit, jumping by 691% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2013 an increase of 6,067% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to El Salvador ($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 Costa Rica (+124.7%), while the prices for the other major destinations experienced more modest paces of growth.

Blow-Moulding Machine Imports

Imports into Guatemala

In 2022, the amount of blow-moulding machines for working rubber or plastics imported into Guatemala skyrocketed to X units, rising by 111% compared with the year before. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, blow-moulding machine imports skyrocketed to $X in 2022. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and the United States (X units) were the main suppliers of blow-moulding machine imports to Guatemala, with a combined 64% share of total imports. France, China and Poland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +58.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the largest blow-moulding machine suppliers to Guatemala, with a combined 67% share of total imports. The United States, China and Poland lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Poland, with a CAGR of +743.7%, recorded the highest growth rate of 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 blow-moulding machine import price amounted to $X per unit, growing by 33% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blow-moulding machine import price increased by +34.4% against 2019 indices. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 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 France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+431.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform