Guatemala: Resistor Market 2024

Resistor Market Size in Guatemala

In 2022, after three years of growth, there was significant decline in the Guatemalan resistor market, when its value decreased by X% to $X. In general, the total consumption indicated tangible 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. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Resistor Exports

Exports from Guatemala

In 2022, shipments abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, resistor exports soared to $X in 2022. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X units), Nicaragua (X units) and Honduras (X units) were the main destinations of resistor exports from Guatemala, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for resistor exported from Guatemala were Nicaragua ($X), El Salvador ($X) and Honduras ($X), together accounting for X% of total exports.

Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 resistor export price amounted to less than $X per unit, shrinking by X% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Honduras ($X per unit), while the average price for exports to El Salvador (less than $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 a decline.

Resistor Imports

Imports into Guatemala

In 2022, overseas purchases of electrical resistors (except heating resistors) decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced sharply in the following year.

In value terms, resistor imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of resistor imports to Guatemala, together comprising X% of total imports. Mexico, Italy, Japan and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest resistor suppliers to Guatemala were the United States ($X), China ($X) and Mexico ($X), with a combined X% share of total imports. Italy, Germany, Brazil and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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 resistor import price amounted to $X per thousand units, growing by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price 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, resistor import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per thousand units in 2013; however, from 2014 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 Italy ($X per thousand units), while the price for Japan ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform