Guatemala: Carpet Market 2025

Carpet Market Size in Guatemala

The Guatemalan carpet market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Carpet Production in Guatemala

In value terms, carpet production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports from Guatemala

In 2022, the amount of carpets and other textile floor coverings exported from Guatemala reached X square meters, with an increase of X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carpet exports amounted to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from Guatemala, accounting for a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X square meters), more than tenfold. Honduras (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2021, and then reduced in the following year.

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

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

Carpet Imports

Imports into Guatemala

In 2022, approx. X square meters of carpets and other textile floor coverings were imported into Guatemala; which is down by X% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters, and then fell markedly in the following year.

In value terms, carpet imports plummeted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

China (X square meters), the United States (X square meters) and India (X square meters) were the main suppliers of carpet imports to Guatemala, together accounting for X% of total imports. Turkey, Belgium, Portugal, Vietnam and Egypt lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest carpet suppliers to Guatemala were China ($X), the United States ($X) and India ($X), with a combined X% share of total imports. Turkey, Belgium, Portugal, Vietnam and Egypt lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 carpet import price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform