Guatemala: Electric Lamp Market 2024

Electric Lamp Market Size in Guatemala

The Guatemalan electric lamp market declined markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electric Lamp Production in Guatemala

In value terms, electric lamp production shrank sharply to $X in 2022 estimated in export price. In general, production faced a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Electric Lamp Exports

Exports from Guatemala

In 2022, the amount of electric lamps exported from Guatemala skyrocketed to X units, rising by X% compared with 2021. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, electric lamp exports dropped significantly to $X in 2022. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Belize (X units) was the main destination for electric lamp exports from Guatemala, with a X% share of total exports. Moreover, electric lamp exports to Belize exceeded the volume sent to the second major destination, Honduras (X units), sixfold. The third position in this ranking was taken by El Salvador (X units), with a X% share.

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

In value terms, the largest markets for electric lamp exported from Guatemala were El Salvador ($X), Honduras ($X) and Belize ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Belize, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electric lamp export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price faced a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Belize ($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 Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Lamp Imports

Imports into Guatemala

In 2022, the amount of electric lamps imported into Guatemala shrank dramatically to X units, waning by X% on 2021 figures. Over the period under review, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric lamp imports declined significantly to $X in 2022. Overall, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric lamp to Guatemala, with a X% share of total imports. Moreover, electric lamp imports from China exceeded the figures recorded by the second-largest supplier, India (X units), ninefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of electric lamps to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Import Prices by Country

The average electric lamp import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform