Guatemala: Invalid Carriage Market 2024

Invalid Carriage Market Size in Guatemala

The Guatemalan invalid carriage market dropped to $X in 2022, falling 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). Overall, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X, and then declined in the following year.

Invalid Carriage Exports

Exports from Guatemala

In 2022, invalid carriage exports from Guatemala contracted sharply to X units, falling by X% compared with 2021. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, invalid carriage exports dropped rapidly to $X in 2022. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X units) was the main destination for invalid carriage exports from Guatemala, with a X% share of total exports. Moreover, invalid carriage exports to El Salvador exceeded the volume sent to the second major destination, Spain (X units), sevenfold.

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

In value terms, El Salvador ($X) emerged as the key foreign market for invalid carriages not mechanically propelled exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports.

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

Export Prices by Country

The average invalid carriage export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Spain ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Guatemala

In 2022, the amount of invalid carriages not mechanically propelled imported into Guatemala reduced notably to X units, with a decrease of X% on the year before. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced rapidly in the following year.

In value terms, invalid carriage imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of invalid carriage imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of invalid carriages not mechanically propelled to Guatemala, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average invalid carriage import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price saw perceptible growth. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 Taiwan (Chinese) ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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