Guatemala: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Guatemala

In 2022, after two years of growth, there was decline in the Guatemalan wooden case and box market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Packing Cases, Boxes And Similar Packings in Guatemala

In value terms, wooden case and box production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Wooden case and box production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Packing Cases, Boxes And Similar Packings

Exports from Guatemala

In 2022, shipments abroad of packing cases, boxes and similar packings was finally on the rise to reach X units after two years of decline. In general, exports recorded pronounced growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden case and box exports skyrocketed to $X in 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Honduras (X units) and El Salvador (X units) were the main destinations of wooden case and box exports from Guatemala, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wooden case and box exported from Guatemala were the United States ($X), Honduras ($X) and El Salvador ($X), together comprising X% of total exports.

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

Export Prices by Country

The average wooden case and box export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 ($X per unit), while the average price for exports to El Salvador ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Packing Cases, Boxes And Similar Packings

Imports into Guatemala

In 2022, overseas purchases of packing cases, boxes and similar packings increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded strong growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden case and box imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Costa Rica (X units) constituted the largest wooden case and box supplier to Guatemala, accounting for a X% share of total imports. Moreover, wooden case and box imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Honduras (X units), twofold. Nicaragua (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Costa Rica totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and Nicaragua (X% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of packing cases, boxes and similar packings to Guatemala, comprising X% of total imports. The second position in the ranking was held by Honduras ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average wooden case and box import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Spain ($X per unit), while the price for Nicaragua ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform