Guatemala: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Guatemala

The Guatemalan self-propelled non-electric fork-lift truck market soared to $X in 2022, with an increase of 68% 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 showed a prominent increase. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Guatemala

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were exported from Guatemala; with a decrease of -30% compared with the previous year. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 117% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports declined dramatically to $X in 2022. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 112%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X units), Honduras (X units) and Belize (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Guatemala. Moreover, self-propelled non-electric fork-lift truck exports in El Salvador exceeded the figures recorded by the second-largest exporter, Honduras, twofold.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +7.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, El Salvador ($X) remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Guatemala, comprising 70% of total exports. The second position in the ranking was held by Honduras ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+8.9% per year) and Belize (-56.0% per year).

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, waning by -29.8% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64%. The export price peaked at $X per unit 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 El Salvador ($X per unit), while the average price for exports to Belize ($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 Japan (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Guatemala

In 2022, imports of self-propelled fork-lift trucks with non-electric motor into Guatemala surged to X units, picking up by 54% against 2021. In general, imports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 69%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. Overall, imports recorded a resilient expansion. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Guatemala, accounting for a 58% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Brazil (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and Brazil (+93.3% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Guatemala, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.4% per year) and Brazil (+81.8% per year).

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, increasing by 4.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 7.8%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform