Price for Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala
4. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8427 stood at $20,763 per ton in 2022, rising by 16% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average import price increased by 74%. As a result, import price attained the peak level of $25,590 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Panama ($65,944 per ton), while the price for China ($6,966 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $10,546 per ton in 2022, increasing by 102% against the previous year. In general, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 152% against the previous year. Over the period under review, the average export prices reached the peak figure at $28,447 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Belize ($15,862 per ton), while the average price for exports to El Salvador ($5,434 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 El Salvador (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas purchases of machinery; parts of the machinery of heading no. 8427, which increased by 9.1% to 186 tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $3.9M in 2022. Over the period under review, total imports indicated a buoyant expansion 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 +73.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Guatemala in 2022:

1. United States (81.3 tons)
2. China (62.0 tons)
3. Italy (15.0 tons)
4. South Korea (6.1 tons)
5. Germany (4.4 tons)
6. Panama (3.7 tons)
7. Japan (3.3 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Guatemala

In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8427 decreased by -26.1% to 8 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. As a result, the exports attained the peak of 11 tons, and then reduced dramatically in the following year.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $84K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 155% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Guatemala in 2022:

1. Nicaragua (4.5 tons)
2. El Salvador (3.2 tons)
3. Honduras (0.2 tons)
4. Belize (0.1 tons)

Source: IndexBox Market Intelligence Platform