Guatemala: Common Pottery Market 2024

Common Pottery Market Size in Guatemala

The Guatemalan common pottery market contracted slightly to $X in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +46.7% against 2020 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Common Pottery Exports

Exports from Guatemala

In 2022, shipments abroad of common pottery increased by 168% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 218% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, common pottery exports soared to $X in 2022. Overall, exports showed a mild expansion. The growth pace was the most rapid in 2021 when exports increased by 278% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for common pottery exports from Guatemala, accounting for a 67% share of total exports. Moreover, common pottery exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+2.0% per year) and China (+93.9% per year).

In value terms, the largest markets for common pottery exported from Guatemala were El Salvador ($X), Honduras ($X) and Nicaragua ($X), together comprising 90% of total exports. China, Panama, the United States, Costa Rica and Mexico lagged somewhat behind, together accounting for a further 8.2%.

China, with a CAGR of +94.9%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 common pottery export price amounted to $X per ton, which is down by -32.9% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Honduras ($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 (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Guatemala

In 2022, overseas purchases of common pottery increased by 1.6% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 57%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, common pottery imports rose notably to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main common pottery supplier to Guatemala, with a 93% share of total imports. Moreover, common pottery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.2%.

In value terms, China ($X) constituted the largest supplier of common pottery to Guatemala, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.6%.

Import Prices by Country

In 2022, the average common pottery import price amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+31.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform