Guatemala: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Guatemala

The Guatemalan injection-moulding machine market dropped to $X in 2022, waning by -7.3% 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). Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Injection-Moulding Machine Exports

Exports from Guatemala

In 2022, injection-moulding machine exports from Guatemala shrank notably to X units, dropping by -71.4% on the year before. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by 14% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, injection-moulding machine exports contracted to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 709% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for injection-moulding machine exports from Guatemala, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +7.2%.

In value terms, the United States ($X) emerged as the key foreign market for injection-moulding machines for working rubber or plastics exports from Guatemala.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +26.6%.

Export Prices by Country

In 2022, the average injection-moulding machine export price amounted to $X per unit, rising by 208% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 an increase of 709%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +18.1% per year.

Injection-Moulding Machine Imports

Imports into Guatemala

Injection-moulding machine imports into Guatemala shrank significantly to X units in 2022, reducing by -20.4% on the previous year's figure. Overall, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 124%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, injection-moulding machine imports declined to $X in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of 157% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of injection-moulding machine to Guatemala, accounting for a 46% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), fourfold. The third position in this ranking was held by India (X units), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.1% per year) and India (+21.5% per year).

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Guatemala, comprising 43% of total imports. The second position in the ranking was held by Switzerland ($X), with an 18% share of total imports. It was followed by Canada, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+21.0% per year) and Canada (+5.8% per year).

Import Prices by Country

The average injection-moulding machine import price stood at $X per unit in 2022, increasing by 18% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, injection-moulding machine import price increased by +66.5% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+47.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform