Guatemala: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in Guatemala

The Guatemalan LCDs and plasmas market dropped to $X in 2022, waning by -2.6% against the previous year. In general, consumption showed a pronounced downturn. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lcds And Plasmas Production in Guatemala

In value terms, LCDs and plasmas production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable downturn. The growth pace was the most rapid in 2014 when the production volume increased by 43%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Lcds And Plasmas Exports

Exports from Guatemala

In 2022, lcds and plasmas exports from Guatemala contracted markedly to X units, dropping by -84.5% against the previous year. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 518% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, LCDs and plasmas exports contracted significantly to $X in 2022. In general, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2020 when exports increased by 604%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Honduras (X units) was the main destination for LCDs and plasmas exports from Guatemala, with a 90% share of total exports. Moreover, LCDs and plasmas exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Honduras amounted to +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+7.2% per year) and the United States (-23.2% per year).

In value terms, Honduras ($X) emerged as the key foreign market for flat panel video monitor, lcd or plasma exports from Guatemala, comprising 92% of total exports. The second position in the ranking was held by El Salvador ($X), with a 7.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+7.0% per year) and the United States (-28.9% per year).

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to the United States ($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 Honduras (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Lcds And Plasmas Imports

Imports into Guatemala

In 2022, imports of flat panel video monitor, lcd or plasma into Guatemala skyrocketed to X units, with an increase of 36% on 2021. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by 76%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, LCDs and plasmas imports soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 104% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico (X units), the United States (X units) and China (X units) were the main suppliers of LCDs and plasmas imports to Guatemala, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +51.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of flat panel video monitor, lcd or plasma to Guatemala, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.2% per year) and Mexico (+21.2% per year).

Import Prices by Country

The average LCDs and plasmas import price stood at $X per unit in 2022, growing by 5% against the previous year. In general, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 16%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform