Pumps; Parts Thereof Price in Guatemala - 2023
Contents:
- Pumps; Parts Thereof Price in Guatemala (CIF) - 2023
- Pumps; Parts Thereof Price in Guatemala (FOB) - 2022
- Pumps; Parts Thereof Imports in Guatemala
- Pumps; Parts Thereof Exports in Guatemala
Pumps; Parts Thereof Price in Guatemala (CIF) - 2023
In October 2023, the average pumps; parts thereof import price amounted to $17,456 per ton, rising by 34% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 41% against the previous month. As a result, import price reached the peak level of $20,653 per ton. From February 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($37,466 per ton), while the price for Taiwan (Chinese) ($11,519 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Guatemala (FOB) - 2022
The average pumps; parts thereof export price stood at $8,422 per ton in 2022, with a decrease of -16.7% against the previous year. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. As a result, the export price attained the peak level of $11,522 per ton. From 2016 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 Costa Rica ($22,927 per ton), while the average price for exports to Panama ($4,345 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 Costa Rica (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Guatemala
In 2022, pumps; parts thereof imports into Guatemala rose significantly to 885 tons, picking up by 6.7% on 2021 figures. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, pumps; parts thereof imports soared to $13M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Pumps; Parts Thereof in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 5.3 | 5.8 | 6.0 | -2.6% |
| China | 0.6 | 0.5 | 1.2 | 1.7 | 41.5% |
| Mexico | 0.8 | 0.9 | 0.9 | 0.9 | 4.0% |
| Italy | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Japan | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.6 | 1.1 | 1.6 | 2.4 | 14.5% |
| Total | 10.1 | 8.3 | 10.4 | 12.6 | 7.7% |
Top Suppliers of Pumps; Parts Thereof to Guatemala in 2022:
- United States (406.9 tons)
- China (211.3 tons)
- Mexico (61.6 tons)
- Italy (57.3 tons)
- Taiwan (Chinese) (50.5 tons)
- South Korea (27.7 tons)
- Japan (14.8 tons)
Pumps; Parts Thereof Exports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in shipments abroad of pumps; parts thereoves, which increased by 65% to 77 tons in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof exports surged to $648K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pumps; Parts Thereof in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 65.3 | 143 | 196 | 288 | 64.0% |
| Honduras | 41.6 | 84.4 | 145 | 267 | 85.8% |
| Nicaragua | 47.9 | 86.3 | 81.6 | 53.1 | 3.5% |
| Panama | 26.6 | 25.6 | 3.9 | 14.7 | -17.9% |
| Costa Rica | 40.7 | 18.3 | 28.9 | 12.3 | -32.9% |
| Mexico | 9.7 | 0.1 | 8.9 | 1.5 | -46.3% |
| Others | 12.6 | 34.3 | 5.3 | 11.2 | -3.9% |
| Total | 245 | 392 | 470 | 648 | 38.3% |
Top Export Markets for Pumps; Parts Thereof from Guatemala in 2022:
- Honduras (50.3 tons)
- El Salvador (18.7 tons)
- Panama (3.4 tons)
- Nicaragua (3.3 tons)
- Costa Rica (0.5 tons)
- Mexico (0.2 tons)
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