Guatemala: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Guatemala

The Guatemalan continuous-action elevators and conveyors market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Continuous-Action Elevators And Conveyors in Guatemala

In value terms, continuous-action elevators and conveyors production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Guatemala

In 2022, exports of continuous-action elevators and conveyors from Guatemala soared to X units, picking up by X% against 2021. In general, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports dropped modestly to $X in 2022. Overall, exports enjoyed modest growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X units) was the main destination for continuous-action elevators and conveyors exports from Guatemala, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to El Salvador exceeded the volume sent to the second major destination, Costa Rica (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Mexico (X% per year).

In value terms, the largest markets for continuous-action elevators and conveyors exported from Guatemala were El Salvador ($X), Costa Rica ($X) and Nicaragua ($X), with a combined X% share of total exports.

Among the main countries of destination, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 continuous-action elevators and conveyors export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

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

Imports of Continuous-Action Elevators And Conveyors

Imports into Guatemala

For the third consecutive year, Guatemala recorded growth in overseas purchases of continuous-action elevators and conveyors, which increased by X% to X units in 2022. Over the period under review, imports, however, saw a slight reduction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors imports skyrocketed to $X in 2022. In general, imports saw slight growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Canada (X units), the United States (X units) and Mexico (X units) were the main suppliers of continuous-action elevators and conveyors imports to Guatemala, with a combined X% share of total imports.

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

In value terms, the United States ($X), Canada ($X) and Mexico ($X) constituted the largest continuous-action elevators and conveyors suppliers to Guatemala, together comprising X% of total imports. Brazil, Italy, the Netherlands, France, Costa Rica, Argentina, Colombia, Austria, El Salvador and Belize lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 continuous-action elevators and conveyors import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price recorded notable growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Belize ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform