Guatemala: Non-Domestic Dishwashing Machine Market 2024

Non-Domestic Dishwashing Machine Market Size in Guatemala

In 2022, the Guatemalan non-domestic dishwashing machine market increased by 27% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.3% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Non-Domestic Dishwashing Machine Exports

Exports from Guatemala

In 2022, the amount of non-domestic dish-washing machines exported from Guatemala skyrocketed to X units, with an increase of 63% against 2021. Overall, exports, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 300%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-domestic dishwashing machine exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 485%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X units), El Salvador (X units) and Nicaragua (X units) were the main destinations of non-domestic dishwashing machine exports from Guatemala.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +32.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-domestic dishwashing machine exported from Guatemala were Honduras ($X), El Salvador ($X) and Nicaragua ($X).

Honduras, with a CAGR of +98.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-domestic dishwashing machine export price amounted to $X per unit, which is down by -5.4% against the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 119%. The export price peaked 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 Honduras ($X per unit), while the average price for exports to Nicaragua ($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 Costa Rica (+57.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Domestic Dishwashing Machine Imports

Imports into Guatemala

In 2022, supplies from abroad of non-domestic dish-washing machines increased by 39% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-domestic dishwashing machine imports soared to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +87.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest non-domestic dishwashing machine supplier to Guatemala, with a 48% share of total imports. Moreover, non-domestic dishwashing machine imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was taken by China (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+51.6% per year) and China (+36.2% per year).

In value terms, the United States ($X) constituted the largest supplier of non-domestic dish-washing machines to Guatemala, comprising 48% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+87.9% per year) and China (+36.6% per year).

Import Prices by Country

The average non-domestic dishwashing machine import price stood at $X per unit in 2022, which is down by -10.6% against the previous year. In general, the import price saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Poland ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform