Guatemala: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Guatemala

After five years of growth, the Guatemalan non-electric chainsaw market decreased by -18.6% to $X in 2022. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Non-Electric Chainsaw Exports

Exports from Guatemala

In 2022, after two years of growth, there was significant decline in overseas shipments of chainsaws with a self-contained non-electric motor, when their volume decreased by -42% to X units. Overall, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,450% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-electric chainsaw exports reduced markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 6,480%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X units) was the main destination for non-electric chainsaw exports from Guatemala, accounting for a 63% share of total exports. Moreover, non-electric chainsaw exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X units), twofold. Nicaragua (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+70.3% per year) and Nicaragua (+14.9% per year).

In value terms, El Salvador ($X) emerged as the key foreign market for chainsaws with a self-contained non-electric motor exports from Guatemala, comprising 62% of total exports. The second position in the ranking was held by Honduras ($X), with a 25% share of total exports. It was followed by Nicaragua, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+67.7% per year) and Nicaragua (+14.3% per year).

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, which is down by -2.4% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 158% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belize ($X per unit) and Nicaragua ($X per unit), while the average price for exports to Costa Rica ($X per unit) and El Salvador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Guatemala

After five years of growth, overseas purchases of chainsaws with a self-contained non-electric motor decreased by -27.8% to X units in 2022. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 76%. Over the period under review, imports hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, non-electric chainsaw imports shrank notably to $X in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Brazil (X units) constituted the largest non-electric chainsaw supplier to Guatemala, with a 57% share of total imports. Moreover, non-electric chainsaw imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Sweden (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.1% per year) and Sweden (+112.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of chainsaws with a self-contained non-electric motor to Guatemala, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.0% per year) and Sweden (+111.1% per year).

Import Prices by Country

In 2022, the average non-electric chainsaw import price amounted to $X per unit, surging by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the price for the United States ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform