Guatemala: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Guatemala

The Guatemalan market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022, with an increase of 30% 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 recorded pronounced growth. Consumption of peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Guatemala

In 2022, overseas shipments of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 166% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 253% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Guatemala, accounting for a 62% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Peru exceeded the volume sent to the second major destination, Honduras (X units), threefold. El Salvador (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+28.7% per year) and El Salvador (+4.1% per year).

In value terms, the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from Guatemala were the United States ($X), Peru ($X) and El Salvador ($X), together accounting for 85% of total exports.

Peru, with a CAGR of +120.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, jumping by 313% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Chile (+4,483.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Guatemala

In 2022, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids into Guatemala surged to X units, increasing by 23% on 2021. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 91%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 104%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X units), China (X units) and Mexico (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Guatemala, with a combined 75% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Brazil ($X) appeared to be the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Guatemala, with a combined 59% share of total imports.

In terms of the main suppliers, China, with a CAGR of +20.8%, recorded the highest growth rate of 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

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, growing by 28% against the previous year. Over the period under review, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 127%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform