Guatemala: Household Dishwashing Machine Market 2024

Household Dishwashing Machine Market Size in Guatemala

In 2022, after three years of growth, there was significant decline in the Guatemalan household dishwashing machine market, when its value decreased by -34.5% to $X. Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Household Dishwashing Machine Exports

Exports from Guatemala

In 2022, approx. X units of household dishwashing machines were exported from Guatemala; falling by -92% on 2021 figures. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 5,083% against the previous year. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, household dishwashing machine exports dropped markedly to $X in 2022. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 7,811%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Costa Rica (X units) was the main destination for household dishwashing machine exports from Guatemala, accounting for a 84% share of total exports. Moreover, household dishwashing machine exports to Costa Rica exceeded the volume sent to the second major destination, Nicaragua (X units), more than tenfold. Honduras (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica totaled +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-11.8% per year) and Honduras (-25.9% per year).

In value terms, Costa Rica ($X) emerged as the key foreign market for household dishwashing machines exports from Guatemala, comprising 88% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 7.8% share of total exports. It was followed by Honduras, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica amounted to +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-11.6% per year) and Honduras (-26.7% per year).

Export Prices by Country

The average household dishwashing machine export price stood at $X per unit in 2022, dropping by -9.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 70% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to El Salvador ($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 the United States (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Household Dishwashing Machine Imports

Imports into Guatemala

After three years of growth, supplies from abroad of household dishwashing machines decreased by -40.8% to X units in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 50%. Over the period under review, imports hit record highs at X units in 2021, and then reduced notably in the following year.

In value terms, household dishwashing machine imports dropped markedly to $X in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest household dishwashing machine supplier to Guatemala, with a 79% share of total imports. Moreover, household dishwashing machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.0% per year) and Italy (+71.2% per year).

In value terms, the United States ($X) constituted the largest supplier of household dishwashing machines to Guatemala, comprising 79% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.8% per year) and Italy (+91.8% per year).

Import Prices by Country

In 2022, the average household dishwashing machine import price amounted to $X per unit, increasing by 7.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform