Guatemala: Fromwork Market 2024

Fromwork Market Size in Guatemala

The Guatemalan fromwork market contracted slightly to $X in 2022, reducing by -1.9% against the previous year. Overall, consumption enjoyed a strong increase. Fromwork consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fromwork Production in Guatemala

In value terms, fromwork production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Fromwork Exports

Exports from Guatemala

After two years of decline, shipments abroad of shuttering for concrete constructional work, shingles and shakes, of wood increased by 77% to X tons in 2022. Over the period under review, exports, however, saw a abrupt contraction. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fromwork exports amounted to $X in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for fromwork exports from Guatemala, with a 77% share of total exports. Moreover, fromwork exports to El Salvador exceeded the volume sent to the second major destination, Costa Rica (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at -8.1%.

In value terms, the largest markets for fromwork exported from Guatemala were Costa Rica ($X) and El Salvador ($X).

Among the main countries of destination, Costa Rica, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average fromwork export price amounted to $X per ton, declining by -36.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 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 Costa Rica ($X per ton), while the average price for exports to El Salvador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+7.7%), while the prices for the other major destinations experienced a decline.

Fromwork Imports

Imports into Guatemala

In 2022, after two years of decline, there was significant growth in overseas purchases of shuttering for concrete constructional work, shingles and shakes, of wood, when their volume increased by 99% to X tons. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 809%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fromwork imports soared to $X in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,256%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of fromwork to Guatemala, accounting for a 89% share of total imports. Moreover, fromwork imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Austria totaled +49.3%.

In value terms, Austria ($X) constituted the largest supplier of shuttering for concrete constructional work, shingles and shakes, of wood to Guatemala, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled +62.2%.

Import Prices by Country

In 2022, the average fromwork import price amounted to $X per ton, increasing by 24% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fromwork import price increased by +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Austria ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform