Guatemala: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Guatemala

In 2022, the Guatemalan plastic doors and windows market increased by 0.2% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a slight descent. Plastic doors and windows consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastic Doors, Windows And Their Frames in Guatemala

In value terms, plastic doors and windows production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports from Guatemala

In 2022, after four years of growth, there was significant decline in shipments abroad of plastic doors, windows and their frames, when their volume decreased by -9.2% to X units. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 147% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, plastic doors and windows exports stood at $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 134% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Panama (X units), Honduras (X units) and Costa Rica (X units) were the main destinations of plastic doors and windows exports from Guatemala, together comprising 83% of total exports. The United States, El Salvador, Cuba and Nicaragua lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +783.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Honduras ($X) and Costa Rica ($X) appeared to be the largest markets for plastic doors and windows exported from Guatemala worldwide, with a combined 79% share of total exports. El Salvador, the United States, Cuba and Nicaragua lagged somewhat behind, together accounting for a further 19%.

Cuba, with a CAGR of +421.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic doors and windows export price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 El Salvador ($X per unit), while the average price for exports to Cuba ($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 El Salvador (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Doors, Windows And Their Frames

Imports into Guatemala

In 2022, imports of plastic doors, windows and their frames into Guatemala plummeted to X units, with a decrease of -40.6% on 2021 figures. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 184% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic doors and windows imports declined significantly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 177%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of plastic doors and windows imports to Guatemala, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows suppliers to Guatemala were China ($X), the United States ($X) and the UK ($X), together comprising 83% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +41.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic doors and windows import price stood at $X per unit in 2022, growing by 3.6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic doors and windows import price increased by +30.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 51%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform