Guatemala: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Guatemala

The Guatemalan hand-operated air pump market contracted to $X in 2022, reducing by -14.1% 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). In general, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Hand-Operated Air Pump Exports

Exports from Guatemala

Hand-operated air pump exports from Guatemala skyrocketed to X units in 2022, picking up by 879% compared with 2021. In general, exports showed a slight increase. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hand-operated air pump exports soared to $X in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X units), El Salvador (X units) and Singapore (X units) were the main destinations of hand-operated air pump exports from Guatemala, with a combined 80% share of total exports. Chile, Ecuador, Nicaragua, Belize and the United States lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +17.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Singapore ($X) constituted the largest markets for hand-operated air pump exported from Guatemala worldwide, together accounting for 80% of total exports. Chile, Ecuador, Nicaragua, Belize and the United States lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Nicaragua, with a CAGR of +43.5%, recorded the highest rates of growth with regard to 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

The average hand-operated air pump export price stood at $X per unit in 2022, declining by -25.3% against the previous year. Overall, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belize ($X per unit) and Honduras ($X per unit), while the average price for exports to the United States ($X per unit) and Nicaragua ($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 Panama (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Guatemala

Hand-operated air pump imports into Guatemala dropped to X units in 2022, waning by -3.8% compared with the previous year's figure. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, hand-operated air pump imports declined to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hand-operated air pump supplier to Guatemala, with a 63% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Taiwan (Chinese) (+1.5% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Guatemala, comprising 63% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.6% per year) and Taiwan (Chinese) (+3.2% per year).

Import Prices by Country

In 2022, the average hand-operated air pump import price amounted to $X per unit, waning by -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

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

Source: IndexBox Platform