Guatemala: Hand Stamp Market 2024

Hand Stamp Market Size in Guatemala

In 2022, the Guatemalan hand stamp market increased by 9.9% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +62.9% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Hand Stamp Production in Guatemala

In value terms, hand stamp production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 290%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hand Stamp Exports

Exports from Guatemala

In 2022, approx. X units of stamps for use in the hand were exported from Guatemala; picking up by 124% against the year before. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 212% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hand stamp exports surged to $X in 2022. In general, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 306% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for hand stamp exports from Guatemala, with a 64% share of total exports. Moreover, hand stamp exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), threefold. The third position in this ranking was held by Nicaragua (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-8.4% per year) and Nicaragua (-18.3% per year).

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) appeared to be the largest markets for hand stamp exported from Guatemala worldwide, together accounting for 94% of total exports. Germany, Panama and the United States lagged somewhat behind, together comprising a further 6.2%.

Germany, with a CAGR of +273.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, falling by -26.8% against the previous year. Overall, the export price, however, continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to the United States ($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 Mexico (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Guatemala

Hand stamp imports into Guatemala stood at X units in 2022, standing approx. at the previous year's figure. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +108.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, hand stamp imports skyrocketed to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of hand stamp imports to Guatemala, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +218.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp suppliers to Guatemala were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together comprising 79% of total imports.

Japan, with a CAGR of +180.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, rising by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; afterwards, it flattened through to 2022.

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 ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform