Guatemala: Calculator Market 2024

Calculator Market Size in Guatemala

The Guatemalan calculator market surged to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a mild decrease. Calculator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Calculator Exports

Exports from Guatemala

After eight years of decline, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by X% to X units in 2022. In general, exports, however, continue to indicate a deep setback. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, calculator exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X units) was the main destination for calculator exports from Guatemala, with a X% share of total exports. Moreover, calculator exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X units), twofold. The third position in this ranking was taken by Honduras (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Honduras (X% per year).

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) appeared to be the largest markets for calculator exported from Guatemala worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average calculator export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, continues to indicate slight growth. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced sharply in the following year.

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 Panama ($X per unit), while the average price for exports to the United States ($X 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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Guatemala

In 2022, imports of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions into Guatemala soared to X units, growing by X% against 2021 figures. Overall, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, calculator imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest calculator supplier to Guatemala, accounting for a X% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Guatemala, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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