Guatemala: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in Guatemala

The Guatemalan porcelain tableware and kitchenware market fell rapidly to $X in 2022, waning by -19.7% 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, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.8% against 2014 indices. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from Guatemala

After three years of growth, overseas shipments of porcelain or china tableware and kitchenware decreased by -73.5% to X tons in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 164%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, porcelain tableware and kitchenware exports contracted sharply to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 163%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and the United States (X tons) were the main destinations of porcelain tableware and kitchenware exports from Guatemala, with a combined 55% share of total exports. Nicaragua, Costa Rica, Panama and Mexico lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +34.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porcelain tableware and kitchenware exported from Guatemala were El Salvador ($X), Honduras ($X) and Nicaragua ($X), together accounting for 60% of total exports. The United States, Costa Rica, Panama and Mexico lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Mexico, with a CAGR of +40.1%, saw 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 porcelain tableware and kitchenware export price stood at $X per ton in 2022, waning by -4.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, porcelain tableware and kitchenware export price increased by +2.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Nicaragua ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into Guatemala

Porcelain tableware and kitchenware imports into Guatemala reduced dramatically to X tons in 2022, waning by -24.5% compared with 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +20.1% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, porcelain tableware and kitchenware imports dropped dramatically to $X in 2022. Overall, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of porcelain tableware and kitchenware to Guatemala, accounting for a approx. 95% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.3%.

In value terms, China ($X) constituted the largest supplier of porcelain or china tableware and kitchenware to Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.3%.

Import Prices by Country

In 2022, the average porcelain tableware and kitchenware import price amounted to $X per ton, increasing by 5.1% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, porcelain tableware and kitchenware import price increased by +52.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.9% per year.

Source: IndexBox Platform