Guatemala: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Guatemala

The Guatemalan wooden frame non-upholstered seat market reduced to $X in 2022, which is down by -6.5% 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). In general, consumption, however, showed resilient growth. Wooden frame non-upholstered seat consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Guatemala

In 2022, shipments abroad of non-upholstered seats with wooden frames increased by 13% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 664% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports skyrocketed to $X in 2022. Over the period under review, exports posted noticeable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 621%. The exports peaked 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 wooden frame non-upholstered seat exports from Guatemala, with a 61% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, El Salvador (X units), ninefold. Uruguay (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-11.5% per year) and Uruguay (+49.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Guatemala, comprising 65% of total exports. The second position in the ranking was held by El Salvador ($X), with a 7.2% share of total exports. It was followed by Honduras, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+10.5% per year) and Honduras (+43.4% per year).

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, with an increase of 56% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to Nicaragua ($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 Uruguay (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Guatemala

In 2022, approx. X units of non-upholstered seats with wooden frames were imported into Guatemala; with a decrease of -6.1% compared with the previous year. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +56.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports fell slightly to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +76.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

El Salvador (X units), China (X units) and Indonesia (X units) were the main suppliers of wooden frame non-upholstered seat imports to Guatemala, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by El Salvador (with a CAGR of +51.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Guatemala were El Salvador ($X), China ($X) and Indonesia ($X), with a combined 63% share of total imports.

El Salvador, with a CAGR of +56.6%, saw the highest growth rate of the value of imports, among the main suppliers 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 wooden frame non-upholstered seat import price amounted to $X per unit, standing approx. at the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat import price increased by +11.9% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Indonesia ($X per unit), while the price for Mexico ($X per unit) and El Salvador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform