Guatemala: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Guatemala

In 2022, after four years of growth, there was decline in the Guatemalan market for mattresses of cellular rubber or plastics, when its value decreased by -4.3% to $X. In general, consumption, however, saw a buoyant expansion. Consumption of peaked at $X in 2021, and then declined slightly in the following year.

Exports of Mattresses of cellular rubber or plastics

Exports from Guatemala

In 2022, approx. X units of mattresses of cellular rubber or plastics were exported from Guatemala; waning by -62.3% compared with 2021 figures. Overall, exports recorded a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 1,788%. Over the period under review, the exports of attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses of cellular rubber or plastics declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 1,834% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Guatemala, with a 87% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-5.0% per year) and Honduras (-42.2% per year).

In value terms, El Salvador ($X) emerged as the key foreign market for mattresses of cellular rubber or plastics exports from Guatemala, comprising 87% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-3.8% per year) and Honduras (-43.7% per year).

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, shrinking by -12.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 43%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Honduras ($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 the United States (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Guatemala

After four years of growth, overseas purchases of mattresses of cellular rubber or plastics decreased by -9% to X units in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 119%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, imports of mattresses of cellular rubber or plastics dropped modestly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Mexico (X units), China (X units) and Vietnam (X units) were the main suppliers of imports of mattresses of cellular rubber or plastics to Guatemala, together accounting for 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +117.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses of cellular rubber or plastics suppliers to Guatemala were Mexico ($X), China ($X) and Vietnam ($X), with a combined 88% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +137.5%, saw 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 import price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, picking up by 4.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Vietnam ($X per unit), while the price for the United States ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform