Guatemala: Accumulator Market 2024

Accumulator Market Size in Guatemala

The Guatemalan accumulator market rose notably to $X in 2022, surging by X% 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). Over the period under review, consumption showed a buoyant increase. Accumulator consumption peaked in 2022 and is likely to continue growth in the near future.

Accumulator Exports

Exports from Guatemala

For the third consecutive year, Guatemala recorded growth in overseas shipments of electric accumulators, which increased by X% to X units in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, accumulator exports expanded modestly to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Honduras (X units), El Salvador (X units) and Haiti (X units) were the main destinations of accumulator exports from Guatemala, together accounting for X% of total exports. Mexico, the Dominican Republic, Ecuador, Costa Rica and Nicaragua lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Honduras ($X) and Mexico ($X) constituted the largest markets for accumulator exported from Guatemala worldwide, together accounting for X% of total exports. Haiti, the Dominican Republic, Costa Rica, Ecuador and Nicaragua lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ecuador, with a CAGR of X%, saw the highest growth rate of 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 accumulator export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Ecuador ($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 El Salvador (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Guatemala

In 2022, approx. X units of electric accumulators were imported into Guatemala; picking up by X% against 2021 figures. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, accumulator imports expanded markedly to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and the United States (X units) were the main suppliers of accumulator imports to Guatemala, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest accumulator suppliers to Guatemala were Mexico ($X), China ($X) and the United States ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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 accumulator import price amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform