Weaving Machines (Looms) Price in Guatemala - 2023

Contents:

  1. Weaving Machines (Looms) Price in Guatemala (CIF) - 2022
  2. Weaving Machines (Looms) Price in Guatemala (FOB) - 2022
  3. Weaving Machines (Looms) Imports in Guatemala
  4. Weaving Machines (Looms) Exports in Guatemala

Weaving Machines (Looms) Price in Guatemala (CIF) - 2022

The average weaving machines (looms) import price stood at $27,857 per unit in 2022, rising by 9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 35% against the previous year. The import price peaked at $36,534 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($44,516 per unit), while the price for the United States ($2,072 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Price in Guatemala (FOB) - 2022

The average weaving machines (looms) export price stood at $9,776 per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 165%. The export price peaked at $13,315 per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($21,300 per unit), while the average price for exports to Honduras ($4 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.

Weaving Machines (Looms) Imports in Guatemala

Weaving machines (looms) imports into Guatemala skyrocketed to 104 units in 2022, increasing by 16% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 291% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, weaving machines (looms) imports skyrocketed to $2.9M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 174%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Weaving Machines (Looms) in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India136125N/A89887.6%
AustriaN/AN/AN/A6300%
SwitzerlandN/AN/AN/A5720%
Italy498304516401-7.0%
China17.763.2608303157.7%
Japan141N/AN/A65.8-22.4%
United States63.851.133.12.1-68.0%
Panama19.715.235.60.3-75.2%
BelgiumN/AN/A908N/A0%
Others25428219925.9-53.3%
Total1,1308402,2992,89736.9%

Top Suppliers of Weaving Machines (Looms) to Guatemala in 2022:

  1. India (31.0 units)
  2. Austria (22.0 units)
  3. Switzerland (20.0 units)
  4. China (15.0 units)
  5. Italy (9.0 units)
  6. Japan (3.0 units)
  7. Panama (1.0 units)
  8. United States (1.0 units)

Weaving Machines (Looms) Exports in Guatemala

In 2021, the amount of weaving machines (looms)s exported from Guatemala was estimated at 4 units, flattening at 2020 figures. In general, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, weaving machines (looms) exports totaled $39K in 2021. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Export of Weaving Machines (Looms) in Guatemala (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
SpainN/AN/A21.30%
PakistanN/AN/A15.00%
El SalvadorN/AN/A2.80%
United States1.7N/AN/A0%
HondurasN/AN/AN/A0%
OthersN/AN/AN/A0%
Total1.8N/A39.1366.1%

Top Export Markets for Weaving Machines (Looms) from Guatemala in 2022:

  1. El Salvador (1.0 units)
  2. Pakistan (1.0 units)
  3. Honduras (1.0 units)
  4. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

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