Guatemala: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Guatemala

The Guatemalan meat-preparation industrial machinery market reduced markedly to $X in 2022, waning 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, enjoyed a resilient increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Guatemala

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from Guatemala soared to X units, picking up by X% against 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. Overall, exports saw a tangible expansion. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for meat-preparation industrial machinery exports from Guatemala, accounting for a X% share of total exports. Moreover, meat-preparation industrial machinery exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), fourfold. The third position in this ranking was held by Ecuador (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Ecuador (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for industrial machinery for the preparation of meat or poultry exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

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

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 a decline.

Meat-Preparation Industrial Machinery Imports

Imports into Guatemala

After two years of growth, overseas purchases of industrial machinery for the preparation of meat or poultry decreased by X% to X units in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped markedly in the following year.

In value terms, meat-preparation industrial machinery imports contracted rapidly to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Mexico (X units) and Taiwan (Chinese) (X units) were the main suppliers of meat-preparation industrial machinery imports to Guatemala, with a combined X% share of total imports. Germany, the Netherlands, Colombia, the United States, Spain and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest meat-preparation industrial machinery suppliers to Guatemala, with a combined X% share of total imports. Mexico, the United States, Spain, Taiwan (Chinese), Colombia and Brazil lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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