Guatemala: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Guatemala

In 2022, the Guatemalan cast iron household articles market decreased by -54.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a perceptible increase. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Guatemala

Cast iron household articles exports from Guatemala amounted to X tons in 2022, approximately mirroring the previous year's figure. Overall, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 377%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cast iron household articles exports soared to $X in 2022. In general, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2014 when exports increased by 281%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Honduras (X tons) was the main destination for cast iron household articles exports from Guatemala, accounting for a 88% share of total exports. Moreover, cast iron household articles exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-9.1% per year) and the United States (-12.3% per year).

In value terms, Honduras ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Guatemala, comprising 86% of total exports. The second position in the ranking was held by El Salvador ($X), with a 7.3% share of total exports. It was followed by the United States, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Honduras amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-8.8% per year) and the United States (+1.0% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, increasing by 53% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles export price increased by +83.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) 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 (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Guatemala

After two years of growth, purchases abroad of table, kitchen or household articles of cast iron decreased by -49.4% to X tons in 2022. Overall, imports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, cast iron household articles imports contracted significantly to $X in 2022. In general, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

China (X tons), the United States (X tons) and El Salvador (X tons) were the main suppliers of cast iron household articles imports to Guatemala, together accounting for 85% of total imports. India, France, Colombia and Mexico lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +75.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and El Salvador ($X) appeared to be the largest cast iron household articles suppliers to Guatemala, together accounting for 89% of total imports. Colombia, Mexico, India and France lagged somewhat behind, together comprising a further 8.5%.

France, with a CAGR of +99.2%, saw the highest growth rate of the value of imports, in terms of 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 cast iron household articles import price stood at $X per ton in 2022, surging by 5.9% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles import price increased by +95.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform