Guatemala: Radar Apparatus Market 2024

Radar Apparatus Market Size in Guatemala

The Guatemalan radar apparatus market expanded markedly to $X in 2022, surging by X% 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, saw modest growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Radar Apparatus Exports

Exports from Guatemala

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports reduced modestly to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X units), Honduras (X units) and Panama (X units) were the main destinations of radar apparatus exports from Guatemala, with a combined X% share of total exports. Costa Rica, Nicaragua, Ecuador, the UK, Israel and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, El Salvador ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, standing approx. at the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Ecuador ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Guatemala

After two years of growth, purchases abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units in 2022. Overall, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, radar apparatus imports soared to $X in 2022. Over the period under review, imports, however, posted slight growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest radar apparatus supplier to Guatemala, accounting for a X% share of total imports. Moreover, radar apparatus imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), ninefold. The United States (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest radar apparatus suppliers to Guatemala, together comprising X% of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of X%. 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.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform