Guatemala: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Guatemala

The Guatemalan drawing ink pen market expanded sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Drawing Ink Pen Production in Guatemala

In value terms, drawing ink pen production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Drawing Ink Pen Exports

Exports from Guatemala

In 2022, exports of indian ink drawing pens, fountain pens and stylograph pens from Guatemala surged to X units, picking up by X% on the previous year. In general, exports posted mild growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, drawing ink pen exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for drawing ink pen exports from Guatemala, with a X% share of total exports. Moreover, drawing ink pen exports to Honduras exceeded the volume sent to the second major destination, the United States (X units), fourfold. El Salvador (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

In value terms, Honduras ($X) emerged as the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2022, the average drawing ink pen export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Nicaragua ($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 El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Ink Pen Imports

Imports into Guatemala

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported into Guatemala; increasing by X% on the previous year. Overall, imports continue to indicate a strong expansion. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, drawing ink pen imports soared to $X in 2022. Over the period under review, imports posted perceptible growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of drawing ink pen to Guatemala, with a X% share of total imports. Moreover, drawing ink pen imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a X% share.

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

In value terms, the largest drawing ink pen suppliers to Guatemala were Germany ($X), China ($X) and South Korea ($X), together comprising X% of total imports. Portugal, Brazil and Panama lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 drawing ink pen import price amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Brazil ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform