Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (FOB) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (CIF) - 2023
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $16 per unit, increasing by 13% against the previous year. In general, the export price, however, saw a noticeable decrease. Over the period under review, the average export prices hit record highs at $21 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($20 per unit), while the average price for exports to the United States ($16 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 Taiwan (Chinese) (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (CIF) - 2023
In December 2023, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $17.5 per unit, picking up by 82% against the previous month. Overall, the import price continues to indicate a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Cambodia ($25.3 per unit), while the price for China ($8.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala
In 2022, approx. 1.8M units of articles of apparel and clothing accessories, of leather or of composition leather were exported from Guatemala; declining by -41.9% on the year before. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. As a result, the exports reached the peak of 3.2M units, and then reduced dramatically in the following year.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather declined dramatically to $30M in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $45M, and then fell sharply in the following year.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.5 | 26.5 | 39.8 | 26.4 | -4.7% |
| Canada | 2.0 | 2.4 | 2.9 | 1.0 | -20.6% |
| Taiwan (Chinese) | N/A | 0.3 | 0.2 | 0.5 | 29.1% |
| Others | 2.8 | 1.7 | 2.4 | 2.0 | -10.6% |
| Total | 35.3 | 30.9 | 45.3 | 29.9 | -5.4% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Guatemala in 2022:
- United States (1654.8K units)
- Canada (49.3K units)
- Taiwan (Chinese) (33.0K units)
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala
Imports of articles of apparel and clothing accessories, of leather or of composition leather into Guatemala contracted modestly to 672K units in 2022, which is down by -2.2% against the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of 687K units, and then declined modestly in the following year.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather soared to $5M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 696 | 626 | 1,107 | 1,689 | 34.4% |
| Colombia | 380 | 159 | 300 | 542 | 12.6% |
| India | 30.4 | 33.3 | 221 | 496 | 153.6% |
| Mexico | 613 | 319 | 366 | 416 | -12.1% |
| United States | 789 | 529 | 534 | 353 | -23.5% |
| Pakistan | 112 | 98.7 | 293 | 344 | 45.4% |
| Italy | 47.1 | 53.1 | 72.8 | 197 | 61.1% |
| El Salvador | 146 | 196 | 137 | 44.1 | -32.9% |
| Panama | 338 | 200 | 273 | 27.8 | -56.5% |
| Others | 534 | 394 | 603 | 843 | 16.4% |
| Total | 3,687 | 2,608 | 3,906 | 4,951 | 10.3% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Guatemala in 2022:
- China (434.1K units)
- United States (47.8K units)
- Pakistan (38.3K units)
- Mexico (36.5K units)
- India (32.9K units)
- Colombia (17.8K units)
- Italy (12.0K units)
- El Salvador (3.9K units)
- Panama (2.8K units)
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