Guatemala: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Guatemala

After two years of growth, the Guatemalan market for instrument panel and wall clocks decreased by X% to $X in 2020. Over the period under review, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market failed to regain momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Guatemala

In 2020, approx. X units of instrument panel and wall clocks were exported from Guatemala; waning by X% on the previous year's figure. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, instrument panel and wall clock exports expanded slightly to $X in 2020. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

El Salvador (X units), Honduras (X units) and Panama (X units) were the main destinations of instrument panel and wall clock exports from Guatemala, together comprising X% of total exports. Nicaragua, the Dominican Republic, the United States, Costa Rica and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, El Salvador ($X), Honduras ($X) and Panama ($X) constituted the largest markets for instrument panel and wall clock exported from Guatemala worldwide, with a combined X% share of total exports. Nicaragua, the Dominican Republic, Costa Rica, the United States and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

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

Imports of Instrument Panel And Wall Clocks

Imports into Guatemala

In 2020, approx. X units of instrument panel and wall clocks were imported into Guatemala; dropping by X% against 2019 figures. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports plummeted to $X in 2020. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest instrument panel and wall clock supplier to Guatemala, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China 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).

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest instrument panel and wall clock suppliers to Guatemala, with a combined X% share of total imports. El Salvador and Panama lagged somewhat behind, together comprising a further X%.

Among the main suppliers, El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per unit, picking up by X% against the previous year. In general, import price indicated a measured expansion 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. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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