Report Update: May 1, 2024

Guatemala - Metal Office Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Metal Office Furniture Price in Guatemala - 2023

Metal Office Furniture Price in Guatemala (FOB) - 2022

The average metal office furniture export price stood at $3,051 per ton in 2022, growing by 16% against the previous year. In general, the export price, however, recorded a mild decrease. Over the period under review, the average export prices attained the peak figure at $3,618 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($7,055 per ton), while the average price for exports to Honduras ($2,299 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 Dominican Republic (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Office Furniture Price in Guatemala (CIF) - 2022

The average metal office furniture import price stood at $4,027 per ton in 2022, increasing by 3.9% against the previous year. Over the period under review, the import price recorded slight growth. The growth pace was the most rapid in 2016 an increase of 44%. Over the period under review, average import prices reached the maximum at $4,922 per ton 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 Germany ($12,912 per ton), while the price for Honduras ($1,971 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Office Furniture Exports in Guatemala

In 2022, approx. 1.1K tons of metal office furniture were exported from Guatemala; picking up by 15% compared with 2021 figures. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal office furniture exports surged to $3.3M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Metal Office Furniture in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	864	947	1,307	1,471	19.4%
Honduras	245	128	389	724	43.5%
Nicaragua	81.1	115	175	275	50.2%
Belize	11.3	51.8	10.7	214	166.5%
Costa Rica	509	212	204	185	-28.6%
Panama	N/A	0.4	306	173	1979.7%
Dominican Republic	144	24.1	34.8	154	2.3%
Others	26.9	32.3	37.6	92.0	50.7%
Total	1,882	1,511	2,464	3,288	20.4%

Top Export Markets for Metal Office Furniture from Guatemala in 2022:

El Salvador (454.5 tons)
Honduras (315.0 tons)
Nicaragua (89.1 tons)
Belize (66.7 tons)
Panama (58.5 tons)
Costa Rica (52.7 tons)
Dominican Republic (21.9 tons)

Metal Office Furniture Imports in Guatemala

In 2022, supplies from abroad of metal office furniture decreased by -12.7% to 593 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of 680 tons, and then reduced in the following year.

In value terms, metal office furniture imports dropped to $2.4M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of $2.6M, and then fell in the following year.

Import of Metal Office Furniture in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	654	854	1,159	840	8.7%
United States	343	270	503	579	19.1%
Honduras	31.2	10.0	2.2	228	94.1%
Germany	18.7	29.3	16.5	181	113.1%
Spain	152	58.2	111	175	4.8%
Taiwan (Chinese)	98.8	62.3	122	69.8	-10.9%
Mexico	75.2	47.0	88.4	39.2	-19.5%
South Korea	2.0	26.9	0.9	35.4	160.6%
Panama	193	295	33.2	N/A	-58.5%
Others	144	168	599	243	19.1%
Total	1,712	1,821	2,635	2,390	11.8%

Top Suppliers of Metal Office Furniture to Guatemala in 2022:

China (264.1 tons)
Honduras (115.5 tons)
United States (87.5 tons)
Spain (39.6 tons)
South Korea (15.5 tons)
Taiwan (Chinese) (15.3 tons)
Germany (14.0 tons)
Mexico (4.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal office furniture market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31011100 - Metal furniture for offices

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023