Guatemala: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Guatemala

The Guatemalan market for window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022, rising by 39% 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 recorded a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Guatemala

In 2022, exports of window or wall air conditioning systems, self-contained or split-systems from Guatemala declined notably to X units, falling by -58.2% on the previous year. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2,464%. As a result, the exports attained the peak of X units, and then fell rapidly in the following year.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems declined remarkably to $X in 2022. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 2,476% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Honduras (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Guatemala, accounting for a 78% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), fourfold. The third position in this ranking was taken by Nicaragua (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-3.7% per year) and Nicaragua (-27.4% per year).

In value terms, Honduras ($X) emerged as the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Guatemala, comprising 79% of total exports. The second position in the ranking was held by El Salvador ($X), with an 18% share of total exports. It was followed by Nicaragua, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to Honduras amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-4.0% per year) and Nicaragua (-27.3% per year).

Export Prices by Country

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, shrinking by -23.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Colombia ($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 Belize (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Guatemala

In 2022, imports of window or wall air conditioning systems, self-contained or split-systems into Guatemala surged to X units, growing by 47% on the previous year's figure. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 56%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 80%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest window, wall, or split air conditioning system supplier to Guatemala, accounting for a 77% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Mexico (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.2% per year) and Mexico (+65.3% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Guatemala, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Mexico, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Mexico (+62.8% per year).

Import Prices by Country

The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, falling by -9.1% against the previous year. In general, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform