Guatemala: Monitors And Projectors Market 2024

Monitors And Projectors Market Size in Guatemala

In 2022, the Guatemalan monitors and projectors market increased by 1.9% to $X, rising for the eighth year in a row after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Monitors And Projectors Exports

Exports from Guatemala

In 2022, overseas shipments of monitors and projectors decreased by -5.8% to X units, falling for the sixth year in a row after two years of growth. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by 48%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, monitors and projectors exports amounted to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 299%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units) was the main destination for monitors and projectors exports from Guatemala, with a 92% share of total exports. Moreover, monitors and projectors exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+41.9% per year) and Brazil (-49.0% per year).

In value terms, the United States ($X) remains the key foreign market for monitors and projectors exports from Guatemala, comprising 86% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 9.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+126.4% per year) and Brazil (-59.0% per year).

Export Prices by Country

In 2022, the average monitors and projectors export price amounted to $X per unit, increasing by 7.5% against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 877% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Brazil ($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 Nicaragua (+59.6%), while the prices for the other major destinations experienced mixed trend patterns.

Monitors And Projectors Imports

Imports into Guatemala

Monitors and projectors imports into Guatemala declined modestly to X units in 2022, with a decrease of -1.5% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 60% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, monitors and projectors imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015 with an increase of 6.5%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X units) was the main monitors and projectors supplier to Guatemala, with a 96% share of total imports. It was followed by Hong Kong SAR (X units), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-10.1% per year) and China (-39.5% per year).

In value terms, the United States ($X) constituted the largest supplier of monitors and projectors to Guatemala, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.4% per year) and Hong Kong SAR (-17.8% per year).

Import Prices by Country

In 2022, the average monitors and projectors import price amounted to $X per unit, growing by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform