Guatemala: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Guatemala

In 2022, the Guatemalan chain scoops and sliders market increased by 16% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Guatemala

In 2022, chain scoops and sliders exports from Guatemala dropped markedly to X kg, shrinking by -62.3% compared with 2021 figures. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 906% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, chain scoops and sliders exports dropped remarkably to $X in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 871%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Honduras (X kg) was the main destination for chain scoops and sliders exports from Guatemala, with a 89% share of total exports. Moreover, chain scoops and sliders exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled +55.6%.

In value terms, Honduras ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Guatemala, comprising 67% of total exports. The second position in the ranking was held by El Salvador ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +55.6%.

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, surging by 31% against the previous year. Overall, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+18.6%), while the prices for the other major destinations experienced a decline.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Guatemala

In 2022, purchases abroad of chain scoops, sliders, runners, end pieces and narrow strips increased by 28% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, chain scoops and sliders imports expanded markedly to $X in 2022. Overall, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chain scoops and sliders to Guatemala, with a 69% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. El Salvador (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and El Salvador (+2.5% per year).

In value terms, the largest chain scoops and sliders suppliers to Guatemala were the United States ($X), China ($X) and El Salvador ($X), with a combined 84% share of total imports. Mexico and India lagged somewhat behind, together accounting for a further 15%.

India, with a CAGR of +208.2%, 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 chain scoops and sliders import price stood at $X per ton in 2022, dropping by -14.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 70%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform