Guatemala: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Guatemala

The Guatemalan market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022, with an increase of 17% against 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). In general, consumption continues to indicate a prominent increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Guatemala

In 2022, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 169% to X units, rising for the fourth year in a row after three years of decline. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 225%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 206%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

El Salvador (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Guatemala, with a 43% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to El Salvador exceeded the volume sent to the second major destination, Honduras (X units), threefold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+25.1% per year) and the United States (+16.7% per year).

In value terms, El Salvador ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from Guatemala, comprising 43% of total exports. The second position in the ranking was held by Honduras ($X), with an 18% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+24.6% per year) and the United States (+17.7% per year).

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, with a decrease of -20.8% against the previous year. Overall, the export price showed a slight reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Honduras ($X per unit) and Belize ($X per unit), while the average price for exports to Costa Rica ($X per unit) and the United States ($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 Mexico (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Guatemala

In 2022, the amount of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA imported into Guatemala soared to X units, picking up by 20% on the previous year. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output over X kVA but under X kVA to Guatemala, accounting for a 59% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, Peru (X units), fourfold. The third position in this ranking was held by France (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+6.4% per year) and France (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Guatemala, comprising 59% of total imports. The second position in the ranking was taken by Peru ($X), with a 13% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+4.2% per year) and France (+0.6% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, growing by 2.9% against the previous year. In general, the import price, however, showed a perceptible slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Mexico ($X per unit), while the price for Brazil ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform