Guatemala: Market for Special-Purpose Electric Lamps and Lighting Fittings 2025

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Guatemala

The Guatemalan market for special-purpose electric lamps and lighting fittings surged to $X in 2022, rising by 16% 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 enjoyed strong growth. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Guatemala

In 2022, exports of special-purpose electric lamps and lighting fittings from Guatemala declined sharply to X units, dropping by -93.7% compared with the previous year's figure. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 303% against the previous year. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, exports of special-purpose electric lamps and lighting fittings contracted sharply to $X in 2022. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 342% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Honduras (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Guatemala, accounting for a 62% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), threefold. Costa Rica (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-22.2% per year) and Costa Rica (-15.7% per year).

In value terms, Honduras ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Guatemala, comprising 71% of total exports. The second position in the ranking was held by El Salvador ($X), with a 13% share of total exports. It was followed by Costa Rica, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-22.3% per year) and Costa Rica (-21.0% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, declining by -2.8% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for special-purpose electric lamps and lighting fittings increased by +50.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to the United States ($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 Nicaragua (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Guatemala

Imports of special-purpose electric lamps and lighting fittings into Guatemala expanded significantly to X units in 2022, growing by 12% on the previous year. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of special-purpose electric lamps and lighting fittings rose remarkably to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 124%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest special-purpose electric lamp and lighting fitting supplier to Guatemala, with a 81% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. The third position in this ranking was taken by Mexico (X units), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Mexico (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Guatemala, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Mexico, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.7% per year) and Mexico (+14.1% per year).

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, flattening at the previous year. Overall, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 an increase of 18%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform