Seals; Mechanical Price in Guatemala - 2023

Contents:

1. Seals; Mechanical Price in Guatemala (CIF) - 2022
2. Seals; Mechanical Price in Guatemala (FOB) - 2022
3. Seals; Mechanical Imports in Guatemala
4. Seals; Mechanical Exports in Guatemala

Seals; Mechanical Price in Guatemala (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $20 per unit, falling by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. The import price peaked at $22 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($40 per unit), while the price for India ($4.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Guatemala (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $33 per unit, increasing by 6.1% against the previous year. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 43%. The export price peaked at $37 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($57 per unit), while the average price for exports to Israel ($6.3 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 the Dominican Republic (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Guatemala

In 2022, seals; mechanical imports into Guatemala reduced to 90K units, falling by -9.5% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of 100K units, and then shrank in the following year.

In value terms, seals; mechanical imports dropped to $1.8M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $2.1M, and then dropped in the following year.

Top Suppliers of Seals; Mechanical to Guatemala in 2022:

1. United States (34.4K units)
2. China (21.9K units)
3. India (9.6K units)
4. Mexico (7.4K units)
5. Taiwan (Chinese) (5.7K units)
6. Japan (3.7K units)
7. Thailand (2.7K units)

Seals; Mechanical Exports in Guatemala

After three years of growth, overseas shipments of seals; mechanicals decreased by -24.7% to 1.5K units in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports attained the peak of 2K units, and then reduced dramatically in the following year.

In value terms, seals; mechanical exports contracted remarkably to $51K in 2022. Over the period under review, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 155%. As a result, the exports attained the peak of $64K, and then declined sharply in the following year.

Top Export Markets for Seals; Mechanical from Guatemala in 2022:

1. Costa Rica (451.0 units)
2. Honduras (446.0 units)
3. Israel (380.0 units)
4. El Salvador (161.0 units)
5. Mexico (64.0 units)
6. Nicaragua (10.0 units)

Source: IndexBox Market Intelligence Platform