Guatemala: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Guatemala

The Guatemalan telephone apparatus market rose rapidly to $X in 2022, picking up by 6.7% 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). Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +117.6% against 2012 indices. Telephone apparatus consumption peaked in 2022 and is likely to continue growth in the near future.

Telephone Apparatus Exports

Exports from Guatemala

In 2022, the amount of telephone apparatus exported from Guatemala reduced markedly to X tons, which is down by -20.3% on the previous year. In general, exports, however, recorded moderate growth. The pace of growth was the most pronounced in 2019 with an increase of 90% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, telephone apparatus exports reduced modestly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Hong Kong SAR (X tons) were the main destinations of telephone apparatus exports from Guatemala, with a combined 49% share of total exports. Mexico, Nicaragua, the United States, Haiti and Costa Rica lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of +1,438.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephone apparatus exported from Guatemala were El Salvador ($X), Honduras ($X) and Hong Kong SAR ($X), together comprising 58% of total exports. Costa Rica, the United States, Nicaragua, Mexico and Haiti lagged somewhat behind, together accounting for a further 37%.

Haiti, with a CAGR of +864.8%, saw 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 more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 54% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Guatemala

In 2022, imports of telephone apparatus into Guatemala amounted to X tons, growing by 6.9% compared with the previous year. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, telephone apparatus imports stood at $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +110.2% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main suppliers of telephone apparatus imports to Guatemala, together comprising 55% of total imports. Mexico, Vietnam and Panama lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +92.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telephone apparatus suppliers to Guatemala were China ($X), the United States ($X) and Vietnam ($X), with a combined 73% share of total imports.

Vietnam, with a CAGR of +92.1%, saw the highest growth rate of 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 telephone apparatus import price stood at $X per ton in 2021, surging by 9.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 38%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform