Report Update Nov 1, 2024

Guatemala - Dairy Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Dairy Machinery Market 2024

Dairy Machinery Market Size in Guatemala

In 2022, the Guatemalan dairy machinery market increased by 2.5% to $X, rising for the sixth year in a row after four years of decline. Overall, consumption saw a prominent increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Dairy Machinery Production in Guatemala

In value terms, dairy machinery production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of 127% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Dairy Machinery Exports

Exports from Guatemala

For the fourth consecutive year, Guatemala recorded growth in shipments abroad of dairy machinery, which increased by 133% to X units in 2022. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, dairy machinery exports skyrocketed to $X in 2022. Overall, exports, however, recorded a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X units) was the main destination for dairy machinery exports from Guatemala, with a 89% share of total exports. Moreover, dairy machinery exports to Nicaragua exceeded the volume sent to the second major destination, Costa Rica (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua totaled +188.7%.

In value terms, Nicaragua ($X) emerged as the key foreign market for dairy machinery exports from Guatemala, comprising 68% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nicaragua totaled +148.0%.

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, surging by 135% against the previous year. Overall, the export price recorded a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 429%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average 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 Costa Rica ($X per unit), while the average price for exports to Nicaragua totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+4.3%), while the prices for the other major destinations experienced a decline.

Dairy Machinery Imports

Imports into Guatemala

In 2022, supplies from abroad of dairy machinery increased by 24% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 417%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports soared to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,203% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of dairy machinery to Guatemala, with a 79% share of total imports. Moreover, dairy machinery imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by Turkey (X units), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.7% per year) and Turkey (+5.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of dairy machinery to Guatemala, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Turkey, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+67.4% per year) and Turkey (+15.3% per year).

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, growing by 14% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 152%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Mexico ($X per unit), while the price for El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the dairy machinery market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931200 - Dairy machinery (including homogenisers, irradiators, buttermaking machines, cheese-making machines)

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023