Price for Artwork; Collages and Similar Decorative Plaques in Guatemala - 2022

Contents:

  1. Price for Artwork; Collages and Similar Decorative Plaques in Guatemala (CIF) - 2022
  2. Price for Artwork; Collages and Similar Decorative Plaques in Guatemala (FOB) - 2022
  3. Imports of Artwork; Collages and Similar Decorative Plaques in Guatemala
  4. Exports of Artwork; Collages and Similar Decorative Plaques in Guatemala

Price for Artwork; Collages and Similar Decorative Plaques in Guatemala (CIF) - 2022

The average import price for artwork; collages and similar decorative plaqueses stood at $3,208 per ton in 2022, waning by -54.1% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $6,990 per ton in 2021, and then dropped significantly in the following year.

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 Panama ($8,362 per ton), while the price for the Dominican Republic ($522 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Artwork; Collages and Similar Decorative Plaques in Guatemala (FOB) - 2022

In 2022, the average export price for artwork; collages and similar decorative plaqueses amounted to $2,737 per ton, declining by -7.6% against the previous year. Overall, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2014 an increase of 202% against the previous year. As a result, the export price reached the peak level of $3,273 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($8,439 per ton), while the average price for exports to Nicaragua ($1,333 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 Honduras (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Artwork; Collages and Similar Decorative Plaques in Guatemala

In 2022, the amount of artwork; collages and similar decorative plaqueses imported into Guatemala soared to 48 tons, picking up by 19% compared with 2021 figures. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 81%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of artwork; collages and similar decorative plaqueses fell notably to $155K in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of $285K, and then declined sharply in the following year.

Import of Artwork; Collages and Similar Decorative Plaques in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States58.613447.183.612.6%
China5.712.624.726.667.1%
Indonesia0.82.48.59.2125.7%
Panama1.05.88.08.6104.9%
Mexico3.35.75.25.518.6%
El Salvador3.14.84.85.218.8%
Costa Rica2.21.30.61.5-12.0%
Spain15.0N/A170N/A236.7%
Others14.75.316.415.31.3%
Total10417228515514.2%

Top Suppliers of Artwork; Collages and Similar Decorative Plaques to Guatemala in 2022:

  1. United States (21.8 tons)
  2. China (15.8 tons)
  3. Indonesia (4.2 tons)
  4. Mexico (1.4 tons)
  5. Panama (1.0 tons)
  6. El Salvador (0.8 tons)
  7. Costa Rica (0.7 tons)

Exports of Artwork; Collages and Similar Decorative Plaques in Guatemala

In 2022, approx. 26 tons of artwork; collages and similar decorative plaqueses were exported from Guatemala; rising by 275% compared with the previous year. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of artwork; collages and similar decorative plaqueses surged to $71K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Artwork; Collages and Similar Decorative Plaques in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain0.50.711.431.1296.2%
United States22.23.83.723.11.3%
Ecuador0.22.11.84.9190.4%
Honduras0.60.31.12.969.1%
El Salvador1.61.60.32.719.1%
Panama1.10.60.72.022.1%
Colombia1.10.10.21.10.0%
Costa Rica0.10.20.30.9108.0%
Mexico0.50.30.10.711.9%
Taiwan (Chinese)0.4N/A0.20.614.5%
Nicaragua0.40.10.10.57.7%
Others5.20.70.70.5-54.2%
Total34.010.420.571.127.9%

Top Export Markets for Artwork; Collages and Similar Decorative Plaques from Guatemala in 2022:

  1. United States (9.1 tons)
  2. Spain (9.1 tons)
  3. Ecuador (2.0 tons)
  4. Panama (1.5 tons)
  5. Colombia (0.8 tons)
  6. El Salvador (0.7 tons)
  7. Costa Rica (0.7 tons)
  8. Taiwan (Chinese) (0.5 tons)
  9. Mexico (0.5 tons)
  10. Nicaragua (0.4 tons)
  11. Honduras (0.3 tons)

Source: IndexBox Market Intelligence Platform

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