Guatemala: Engine Generator Market 2025

Engine Generator Market Size in Guatemala

The Guatemalan engine generator market skyrocketed to $X in 2022, rising by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent expansion. Engine generator consumption peaked in 2022 and is likely to continue growth in years to come.

Engine Generator Exports

Exports from Guatemala

In 2022, overseas shipments of generators for internal combustion engines increased by 143% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 230%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, engine generator exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 230% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X units), Honduras (X units) and the United States (X units) were the main destinations of engine generator exports from Guatemala, with a combined 99% share of total exports.

From 2012 to 2022, 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 +45.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for engine generator exported from Guatemala were El Salvador ($X), Honduras ($X) and the United States ($X), with a combined 99% share of total exports.

The United States, with a CAGR of +45.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, falling by -4.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 11%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and El Salvador ($X per unit), while the average price for exports to Nicaragua ($X per unit) and Honduras ($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 Mexico (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Guatemala

In 2022, overseas purchases of generators for internal combustion engines increased by 27% to X units, rising for the third consecutive year after three years of decline. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 74% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, engine generator imports expanded markedly to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 79%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), Malaysia (X units) and the United States (X units) were the main suppliers of engine generator imports to Guatemala, together comprising 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the United States ($X) constituted the largest engine generator suppliers to Guatemala, with a combined 79% share of total imports.

Malaysia, with a CAGR of +45.7%, recorded 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

In 2022, the average engine generator import price amounted to $X per unit, waning by -10.8% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator import price decreased by -26.8% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and the United States ($X per unit), while the price for Germany ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform