Guatemala: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Guatemala

The Guatemalan metal advertising sign market was estimated at $X in 2020, picking up by X% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2013 indices. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Metal Advertising Sign Production in Guatemala

In value terms, metal advertising sign production totaled $X in 2020 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Metal advertising sign production peaked in 2020 and is likely to continue growth in years to come.

Metal Advertising Sign Exports

Exports from Guatemala

In 2020, after two years of growth, there was significant decline in shipments abroad of metal advertising signs, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, metal advertising sign exports contracted markedly to $X in 2020. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X tons) was the main destination for metal advertising sign exports from Guatemala, with a X% share of total exports. Moreover, metal advertising sign exports to El Salvador exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Belize (X tons), with an X% share.

From 2012 to 2020, the average annual growth rate of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belize (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for metal advertising signs exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Belize, with a X% share.

From 2012 to 2020, the average annual growth rate of value to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belize (X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign export price decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2020, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Guatemala

In 2020, the amount of metal advertising signs imported into Guatemala surged to X tons, with an increase of X% against the previous year. Overall, imports, however, continue to indicate a mild shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, metal advertising sign imports soared to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Panama (X tons) constituted the largest metal advertising sign supplier to Guatemala, with a X% share of total imports. Moreover, metal advertising sign imports from Panama exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2020, the average annual growth rate of volume from Panama totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Panama ($X) constituted the largest supplier of metal advertising signs to Guatemala, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Panama stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, waning by X% against the previous year. Over the last eight years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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