Guatemala: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Guatemala

The Guatemalan non-knitted men apparel market fell modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Men Apparel Production in Guatemala

In value terms, non-knitted men apparel production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Knitted Men Apparel Exports

Exports from Guatemala

In 2022, overseas shipments of men's or boys' clothing (not knitted or crocheted) increased by 27% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-knitted men apparel exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-knitted men apparel exports from Guatemala, with a 78% share of total exports. Moreover, non-knitted men apparel exports to the United States exceeded the volume sent to the second major destination, El Salvador (X units), fivefold. The third position in this ranking was taken by Honduras (X units), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+52.3% per year) and Honduras (+66.6% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Guatemala, comprising 87% of total exports. The second position in the ranking was held by El Salvador ($X), with an 8.7% share of total exports. It was followed by Honduras, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+9.4% per year) and Honduras (+15.4% per year).

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, with an increase of 30% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 (-1.9%), while the prices for the other major destinations experienced a decline.

Non-Knitted Men Apparel Imports

Imports into Guatemala

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported into Guatemala; rising by 6.4% on 2021 figures. In general, imports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-knitted men apparel imports rose markedly to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Bangladesh (X units) and Honduras (X units) were the main suppliers of non-knitted men apparel imports to Guatemala, with a combined 52% share of total imports. The United States, Mexico, Vietnam, Turkey, Colombia, Pakistan, Cambodia, India, Egypt and Morocco lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +187.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Guatemala, comprising 27% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+78.1% per year) and the United States (-11.3% per year).

Import Prices by Country

The average non-knitted men apparel import price stood at $X per unit in 2022, picking up by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2020 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($X per unit) and the United States ($X per unit), while the price for Honduras ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform