Guatemala: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Guatemala

The Guatemalan market for wood boxes, crates and cable drums dropped markedly to $X in 2022, waning by -42.6% 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 continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Guatemala

In 2022, the amount of wood boxes, crates and cable drums exported from Guatemala contracted rapidly to X units, declining by -83.2% compared with the year before. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 807% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood box and cable drum exports dropped notably to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 2,936% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Costa Rica (X units) and Spain (X units) were the main destinations of wood box and cable drum exports from Guatemala, together accounting for 74% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood box and cable drum exported from Guatemala were Spain ($X), Mexico ($X) and the United States ($X), together comprising 72% of total exports.

Spain, with a CAGR of +47.9%, 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 export price for wood boxes, crates and cable drums stood at $X per unit in 2022, declining by -71% against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 572%. As a result, the export price attained the peak level of $X per unit, and then declined significantly in the following year.

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 the United States ($X per unit), while the average price for exports to Germany ($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 Spain (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Guatemala

In 2022, the amount of wood boxes, crates and cable drums imported into Guatemala contracted dramatically to X units, which is down by -48.4% against the year before. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of 641% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports dropped dramatically to $X in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 636%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), Spain (X units) and the United States (X units) were the main suppliers of wood box and cable drum imports to Guatemala, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +79.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Spain ($X) and China ($X) constituted the largest wood box and cable drum suppliers to Guatemala, with a combined 73% share of total imports. The United States, Colombia, Cuba and Mexico lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Cuba, with a CAGR of +110.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, jumping by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform