Price for Household or Laundry-Type Washing Machine in Guatemala - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Guatemala (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Guatemala (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Guatemala
- Exports of Household or Laundry-Type Washing Machine in Guatemala
Price for Household or Laundry-Type Washing Machine in Guatemala (CIF) - 2022
In 2022, the average import price for household or laundry-type washing machines amounted to $1,380 per unit, picking up by 8.4% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 65%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,326 per unit), while the price for Vietnam ($973 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Guatemala (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $984 per unit in 2022, picking up by 32% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,290 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($2,864 per unit), while the average price for exports to Saudi Arabia ($102 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 El Salvador (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Guatemala
For the fourth year in a row, Guatemala recorded growth in overseas purchases of household or laundry-type washing machines, which increased by 13% to 48K units in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +47.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, household or laundry-type washing machine imports soared to $67M in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Household or Laundry-Type Washing Machine in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 11.1 | 14.4 | 21.6 | 30.1 | 39.4% |
| United States | 10.5 | 8.9 | 10.7 | 12.3 | 5.4% |
| Thailand | 7.4 | 8.7 | 13.5 | 11.9 | 17.2% |
| Brazil | 1.1 | 0.9 | 2.3 | 3.7 | 49.8% |
| Vietnam | 0.7 | 1.4 | 1.7 | 3.5 | 71.0% |
| China | 1.6 | 1.8 | 2.5 | 2.3 | 12.9% |
| Others | 1.4 | 1.3 | 2.1 | 2.7 | 24.5% |
| Total | 33.9 | 37.4 | 54.3 | 66.6 | 25.2% |
Top Suppliers of Household or Laundry-Type Washing Machine to Guatemala in 2022:
- Mexico (22.8K units)
- United States (9.0K units)
- Thailand (6.9K units)
- Vietnam (3.6K units)
- China (2.1K units)
- Brazil (2.0K units)
Exports of Household or Laundry-Type Washing Machine in Guatemala
In 2022, household or laundry-type washing machine exports from Guatemala shrank dramatically to 377 units, which is down by -68.6% compared with the year before. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 701%. As a result, the exports reached the peak of 1.2K units, and then shrank rapidly in the following year.
In value terms, household or laundry-type washing machine exports reduced remarkably to $371K in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 383% against the previous year. As a result, the exports reached the peak of $898K, and then contracted sharply in the following year.
| Export of Household or Laundry-Type Washing Machine in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 5.3 | 1.3 | 173 | 120 | 182.9% |
| Costa Rica | 46.5 | 10.7 | 88.2 | 108 | 32.4% |
| El Salvador | 40.6 | 116 | 92.4 | 103 | 36.4% |
| Nicaragua | 9.8 | 0.3 | 230 | 32.9 | 49.7% |
| Saudi Arabia | N/A | N/A | N/A | 0.6 | 0% |
| Venezuela | 364 | 20.5 | 44.9 | N/A | -64.9% |
| Cuba | 19.0 | 0.5 | 0.9 | N/A | -78.2% |
| Others | 26.3 | 36.6 | 269 | 5.7 | -39.9% |
| Total | 512 | 186 | 898 | 371 | -10.2% |
Top Export Markets for Household or Laundry-Type Washing Machine from Guatemala in 2022:
- Honduras (147.0 units)
- Costa Rica (120.0 units)
- Nicaragua (51.0 units)
- El Salvador (36.0 units)
- Saudi Arabia (6.0 units)
- Cuba (1.0 units)
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