Guatemala: Transport Container Market 2024

Transport Container Market Size in Guatemala

The Guatemalan transport container market rose slightly to $X in 2022, picking up by 5% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +9.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Transport Container Production in Guatemala

In value terms, transport container production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Transport Container Exports

Exports from Guatemala

Transport container exports from Guatemala fell markedly to X units in 2022, which is down by -22.6% compared with the previous year. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when exports increased by 55%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, transport container exports expanded remarkably to $X in 2022. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Belize (X units) and Peru (X units) were the main destinations of transport container exports from Guatemala, together comprising 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) remains the key foreign market for transport containers exports from Guatemala, comprising 5.4% of total exports. The second position in the ranking was taken by Italy ($X), with a 2.4% share of total exports. It was followed by Germany, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+44.1% per year) and Germany (-12.3% per year).

Export Prices by Country

The average transport container export price stood at $X per unit in 2022, jumping by 46% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Belize ($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 Peru (+88.8%).

Transport Container Imports

Imports into Guatemala

In 2022, after two years of decline, there was significant growth in supplies from abroad of transport containers, when their volume increased by 125% to X units. In general, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, transport container imports surged to $X in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest transport container supplier to Guatemala, accounting for a 30% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.1%.

In value terms, China ($X) constituted the largest supplier of transport containers to Guatemala, comprising 60% of total imports. The second position in the ranking was taken by Spain ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.3% per year) and Italy (-19.4% per year).

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, reducing by -28.2% against the previous year. Overall, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+761.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform