Guatemala: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Guatemala

The Guatemalan market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) totaled $X in 2022, remaining constant against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.7% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Guatemala

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) reached $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Guatemala

Exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Guatemala contracted rapidly to X tons in 2022, shrinking by -96.1% against the previous year's figure. In general, exports showed a dramatic setback. The pace of growth was the most pronounced in 2021 when exports increased by 272% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank markedly to $X in 2022. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 360%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Guatemala, accounting for a 81% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to the United States exceeded the volume sent to the second major destination, British Virgin Islands (X kg), fivefold. El Salvador (X kg) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (+0.2% per year) and El Salvador (-38.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Guatemala, comprising 80% of total exports. The second position in the ranking was held by British Virgin Islands ($X), with a 20% share of total exports. It was followed by El Salvador, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (0.0% per year) and El Salvador (-41.1% per year).

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, growing by 937% against the previous year. Overall, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was British Virgin Islands ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.2%), while the prices for the other major destinations experienced a decline.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Guatemala

In 2022, overseas purchases of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 8.8% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 79%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) rose sharply to $X in 2022. Over the period under review, imports showed a slight increase. The pace of growth was the most pronounced in 2018 with an increase of 89% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and China (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Guatemala, with a combined 93% share of total imports. Spain and Mexico lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +59.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Guatemala, comprising 60% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+73.0% per year) and Brazil (+16.7% per year).

Import Prices by Country

The average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2014 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform