Guatemala: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Guatemala

The Guatemalan meat-preparation industrial machinery market fell to $X in 2022, almost unchanged from 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). Over the period under review, consumption saw strong growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from Guatemala

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from Guatemala soared to X units, increasing by 227% against 2021. Over the period under review, exports saw tangible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. In general, exports posted a measured increase. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for meat-preparation industrial machinery exports from Guatemala, accounting for a 92% share of total exports. It was followed by Nicaragua (X units), with a 2.8% share of total exports. Ecuador (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-6.7% per year) and Ecuador (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Guatemala, comprising 98% of total exports. The second position in the ranking was held by El Salvador ($X), with a 1.3% share of total exports. It was followed by Ecuador, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-7.3% per year) and Ecuador (0.0% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, rising by 303% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 510%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 Mexico (+55.9%), while the prices for the other major destinations experienced a decline.

Meat-Preparation Industrial Machinery Imports

Imports into Guatemala

In 2022, overseas purchases of industrial machinery for the preparation of meat or poultry increased by 12% to X units, rising for the second year in a row after three years of decline. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 98%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, meat-preparation industrial machinery imports declined markedly to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 202% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest meat-preparation industrial machinery supplier to Guatemala, accounting for a 52% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. The third position in this ranking was taken by the Netherlands (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+35.5% per year) and the Netherlands (+6.2% per year).

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest meat-preparation industrial machinery suppliers to Guatemala, together accounting for 48% of total imports. Mexico, the United States, Spain, Taiwan (Chinese) and Brazil lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Spain, with a CAGR of +55.5%, 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

The average meat-preparation industrial machinery import price stood at $X per unit in 2022, reducing by -37.7% against the previous year. In general, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. The import price peaked at $X per unit in 2016; however, from 2017 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform