Guatemala: Hydraulic Press Market 2024

Hydraulic Press Market Size in Guatemala

The Guatemalan hydraulic press market reduced to $X in 2022, falling by -12.9% against the previous year. Overall, consumption, however, enjoyed resilient growth. Hydraulic press consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Production in Guatemala

In value terms, hydraulic press production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Hydraulic Press Exports

Exports from Guatemala

Hydraulic press exports from Guatemala stood at X units in 2022, remaining constant against the previous year. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2016 with an increase of 225%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports surged to $X in 2022. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2016 when exports increased by 2,259% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units), the United States (X units) and Nicaragua (X units) were the main destinations of hydraulic press exports from Guatemala, together comprising 50% 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 Mexico (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X) remains the key foreign market for hydraulic presses for working metal exports from Guatemala, comprising 90% of total exports. The second position in the ranking was held by El Salvador ($X), with a 9.2% share of total exports. It was followed by Honduras, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-34.4% per year) and Honduras (-41.2% per year).

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, surging by 34% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 626%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Costa Rica ($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 Nicaragua (+8.2%), while the prices for the other major destinations experienced a decline.

Hydraulic Press Imports

Imports into Guatemala

In 2022, the amount of hydraulic presses for working metal imported into Guatemala reduced sharply to X units, falling by -89.5% compared with 2021 figures. In general, imports showed a significant curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 79% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic press imports fell notably to $X in 2022. Over the period under review, imports saw a significant decrease. The pace of growth appeared the most rapid in 2014 with an increase of 56% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Canada (X units) and Colombia (X units) were the main suppliers of hydraulic press imports to Guatemala, together comprising 18% of total imports. Brazil, Mexico, Hong Kong SAR, China, Honduras, Italy, Germany, Costa Rica, Malaysia and El Salvador lagged somewhat behind, together accounting for a further 59%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic press suppliers to Guatemala were China ($X), Honduras ($X) and Malaysia ($X), together comprising 69% of total imports.

Honduras, with a CAGR of -0.4%, saw 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 a decline.

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, with a decrease of -97.9% against the previous year. Over the period under review, the import price showed a sharp setback. The growth pace was the most rapid in 2014 an increase of 16%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform