Guatemala: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Guatemala

The Guatemalan hide preparing machinery market reduced dramatically to $X in 2022, shrinking by -53.3% against the previous year. In general, consumption, however, recorded a perceptible increase. Hide preparing machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hide Preparing Machinery Production in Guatemala

In value terms, hide preparing machinery production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Hide Preparing Machinery Exports

Exports from Guatemala

In 2022, exports of machinery for preparing, tanning or working hides, skins or leather from Guatemala was estimated at X units, flattening at the previous year's figure. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 100% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hide preparing machinery exports declined dramatically to $X in 2022. Overall, exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2019 when exports increased by 313% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X units) was the main destination for hide preparing machinery exports from Guatemala, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Honduras was relatively modest.

In value terms, Honduras ($X) also remains the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from Guatemala.

From 2013 to 2022, the average annual rate of growth in terms of value to Honduras stood at +176.8%.

Export Prices by Country

The average hide preparing machinery export price stood at $X per unit in 2022, dropping by -28.4% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 724% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped notably in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for Honduras amounted to +176.8% per year.

Hide Preparing Machinery Imports

Imports into Guatemala

In 2022, hide preparing machinery imports into Guatemala declined sharply to X units, waning by -52.4% compared with 2021. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2021 with an increase of 200% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hide preparing machinery imports dropped notably to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 621%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of hide preparing machinery to Guatemala, with a 70% share of total imports. Moreover, hide preparing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (0.0% per year) and the United States (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Guatemala, comprising 96% of total imports. The second position in the ranking was taken by Honduras ($X), with a 3.9% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+223.3% per year) and the United States (-8.2% per year).

Import Prices by Country

The average hide preparing machinery import price stood at $X per unit in 2022, reducing by -5.1% against the previous year. Overall, the import price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 140% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Italy ($X per unit), while the price for Mexico ($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 (+223.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform