Guatemala: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Guatemala

After ten years of growth, the Guatemalan electric oven and cooker market decreased by -10.8% to $X in 2022. Overall, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Guatemala

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 9.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed mild growth. The growth pace was the most rapid in 2021 with an increase of 214% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric oven and cooker exports expanded to $X in 2022. Overall, exports enjoyed a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of 230% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X units), El Salvador (X units) and Nicaragua (X units) were the main destinations of electric oven and cooker exports from Guatemala, together comprising 72% of total exports. Costa Rica, Venezuela and Panama lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +69.1%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for electric oven and cooker exported from Guatemala worldwide, together accounting for 72% of total exports. Costa Rica, Venezuela and Panama lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Venezuela, with a CAGR of +82.2%, 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 electric oven and cooker export price amounted to $X per unit, with a decrease of -7.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 8.4% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($X per unit) and Costa Rica ($X per unit), while the average price for exports to Panama ($X per unit) and El Salvador ($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 Venezuela (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Guatemala

After three years of growth, purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -17.2% to X units in 2022. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of X units, and then dropped sharply in the following year.

In value terms, electric oven and cooker imports reduced to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of electric oven and cooker imports to Guatemala, together comprising 89% of total imports. Thailand and Italy lagged somewhat behind, together accounting for a further 6.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +149.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) were the largest electric oven and cooker suppliers to Guatemala, together accounting for 89% of total imports. Thailand and Italy lagged somewhat behind, together accounting for a further 6.9%.

Thailand, with a CAGR of +151.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, increasing by 9.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform