Guatemala: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Guatemala

In 2022, after two years of growth, there was significant decline in the Guatemalan plastic shutters and blinds market, when its value decreased by -13.4% to $X. Over the period under review, consumption, however, recorded a strong expansion. Plastic shutters and blinds consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Plastic Shutters And Blinds

Exports from Guatemala

In 2022, overseas shipments of plastic shutters and blinds decreased by -80.7% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 511%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic shutters and blinds exports declined dramatically to $X in 2022. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2019 with an increase of 449% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X units) was the main destination for plastic shutters and blinds exports from Guatemala, accounting for a 88% share of total exports. Moreover, plastic shutters and blinds exports to Honduras exceeded the volume sent to the second major destination, Nicaragua (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled +19.3%.

In value terms, Honduras ($X) emerged as the key foreign market for plastic shutters and blinds exports from Guatemala, comprising 94% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras amounted to +14.5%.

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, picking up by 129% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. 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 failed to regain momentum.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Shutters And Blinds

Imports into Guatemala

After two years of growth, overseas purchases of plastic shutters and blinds decreased by -39.7% to X units in 2022. Over the period under review, imports, however, recorded measured growth. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic shutters and blinds imports contracted notably to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by +47.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest plastic shutters and blinds supplier to Guatemala, accounting for a 68% share of total imports. Moreover, plastic shutters and blinds imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by Mexico (X units), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.8% per year) and Mexico (-12.6% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to Guatemala, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Taiwan (Chinese) (+11.1% per year).

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, increasing by 39% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform