Guatemala - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Guatemala - 2023
Contents:
- Mobile Phone Price in Guatemala (CIF) - 2022
- Mobile Phone Price in Guatemala (FOB) - 2022
- Mobile Phone Imports in Guatemala
- Mobile Phone Exports in Guatemala
Mobile Phone Price in Guatemala (CIF) - 2022
In September 2022, the average mobile phone import price amounted to $174 per unit, reducing by -38.5% against the previous month. Overall, the import price faced a sharp contraction. As a result, import price attained the peak level of $283 per unit, and then contracted notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for Honduras.
From August 2022 to September 2022, the rate of growth in terms of prices for Honduras amounted to -38.5% per month.
Mobile Phone Price in Guatemala (FOB) - 2022
The average mobile phone export price stood at $284 per unit in 2022, picking up by 13% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone export price increased by +38.7% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($286 per unit), while the average price for exports to El Salvador stood at $226 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in Guatemala
In 2022, the amount of mobile phones imported into Guatemala dropped notably to 6K units, reducing by -99.8% against the year before. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 7%. Imports peaked at 2.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, mobile phone imports dropped markedly to $1.4M in 2022. Overall, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of $628M, and then contracted dramatically in the following year.
Import of Mobile Phone in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 0.2 | 0.6 | N/A | 0.8 | 58.7% |
Vietnam | 42.1 | 76.4 | 152 | 0.3 | -80.8% |
China | 46.9 | 69.3 | 188 | 0.3 | -81.4% |
Hong Kong SAR | 145 | 125 | 127 | N/A | -6.4% |
United States | 261 | 223 | 146 | N/A | -25.2% |
Panama | 9.7 | 22.6 | 7.0 | N/A | -15.1% |
Others | 12.3 | 16.1 | 7.2 | N/A | -23.5% |
Total | 518 | 533 | 628 | 1.4 | -86.1% |
Top Suppliers of Mobile Phone to Guatemala in 2022:
- Honduras (3.7K units)
- Vietnam (1.2K units)
- China (1.1K units)
Mobile Phone Exports in Guatemala
In 2022, after three years of growth, there was significant decline in overseas shipments of mobile phones, when their volume decreased by -92.4% to 3.1K units. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. As a result, the exports reached the peak of 41K units, and then declined markedly in the following year.
In value terms, mobile phone exports declined sharply to $874K in 2022. Overall, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 143%. As a result, the exports attained the peak of $10M, and then contracted significantly in the following year.
Export of Mobile Phone in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 627 | 545 | 1,878 | 858 | 11.0% |
El Salvador | 1,707 | 1,050 | 2,730 | 15.6 | -79.1% |
Nicaragua | 51.1 | 224 | 873 | N/A | 313.3% |
Haiti | N/A | 120 | 300 | N/A | 150.0% |
United States | 637 | 588 | 1,351 | N/A | 45.6% |
Costa Rica | 187 | 405 | 2,144 | N/A | 238.6% |
Panama | 45.3 | 974 | 408 | N/A | 200.1% |
Others | 130 | 313 | 550 | N/A | 105.7% |
Total | 3,385 | 4,219 | 10,236 | 874 | -36.3% |
Top Export Markets for Mobile Phone from Guatemala in 2022:
- Honduras (3.0K units)
- El Salvador (0.1K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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