Guatemala: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Guatemala

The Guatemalan market for non-domestic percolators and equipment for cooking or heating food surged to $X in 2022, growing by 34% 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 enjoyed significant growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Guatemala

In 2022, shipments abroad of non-domestic percolators and equipment for cooking or heating food increased by 198% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a resilient increase. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

El Salvador (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Guatemala, with a 95% share of total exports. It was followed by Costa Rica (X units), with a 2% share of total exports. Benin (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-20.5% per year) and Benin (0.0% per year).

In value terms, El Salvador ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Guatemala, comprising 57% of total exports. The second position in the ranking was held by Benin ($X), with a 26% share of total exports. It was followed by Honduras, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (0.0% per year) and Honduras (+18.1% per year).

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, picking up by 50% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 83% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Costa Rica ($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 (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Guatemala

In 2022, approx. X units of non-domestic percolators and equipment for cooking or heating food were imported into Guatemala; jumping by 97% against 2021. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest non-domestic percolators and equipment for cooking or heating food supplier to Guatemala, accounting for a 83% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Mexico (X units), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.4% per year) and Mexico (+12.6% per year).

In value terms, the United States ($X) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to Guatemala, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Mexico, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.2% per year) and Mexico (+15.0% per year).

Import Prices by Country

In 2022, the average import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, dropping by -29.4% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform