Guatemala: Flexographic Printing Machinery Market 2025

Flexographic Printing Machinery Market Size in Guatemala

The Guatemalan flexographic printing machinery market surged to $X in 2022, with an increase of 118% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Flexographic Printing Machinery Production in Guatemala

In value terms, flexographic printing machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 563,801,700% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Flexographic Printing Machinery Exports

Exports from Guatemala

In 2022, the amount of flexographic printing machinery exported from Guatemala amounted to less than X units, almost unchanged from the previous year's figure. In general, exports showed a drastic downturn. The smallest decline of 99.9% was in 2017. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, flexographic printing machinery exports fell significantly to $X in 2022. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1,075%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), the United States (X units) and Honduras (X units) were the main destinations of flexographic printing machinery exports from Guatemala, with a combined 60% share of total exports.

From 2014 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexographic printing machinery exported from Guatemala were Honduras ($X), Costa Rica ($X) and the United States ($X), with a combined 71% share of total exports.

The United States, with a CAGR of +86.8%, recorded 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 mixed trend patterns.

Export Prices by Country

The average flexographic printing machinery export price stood at $X per unit in 2016, stabilizing at the previous year. Over the period under review, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2014 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+86.8%), while the prices for the other major destinations experienced mixed trend patterns.

Flexographic Printing Machinery Imports

Imports into Guatemala

In 2022, approx. X units of flexographic printing machinery were imported into Guatemala; rising by 144% compared with the previous year's figure. In general, imports showed a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flexographic printing machinery imports skyrocketed to $X in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 172%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of flexographic printing machinery to Guatemala, accounting for a 74% share of total imports. Moreover, flexographic printing machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.9% per year) and Spain (+28.2% per year).

In value terms, Germany ($X) constituted the largest supplier of flexographic printing machinery to Guatemala, comprising 62% of total imports. The second position in the ranking was taken by Spain ($X), with a 22% share of total imports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+18.1% per year) and China (+23.8% per year).

Import Prices by Country

In 2022, the average flexographic printing machinery import price amounted to $X per unit, picking up by 3% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flexographic printing machinery import price decreased by -28.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform