Guatemala: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Guatemala

In 2022, the Guatemalan machine tool for metal market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a deep slump. Machine tool for metal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Guatemala

In value terms, machine tool for metal production surged to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Guatemala

In 2022, the amount of machine tools for working metal without removing metal exported from Guatemala was estimated at X units, remaining stable against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports amounted to $X in 2022. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X units), the United States (X units) and El Salvador (X units) were the main destinations of machine tool for metal exports from Guatemala, together comprising X% of total exports.

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

In value terms, the United States ($X), Nicaragua ($X) and El Salvador ($X) constituted the largest markets for machine tool for metal exported from Guatemala worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average machine tool for metal export price amounted to $X per unit, approximately mirroring the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, 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 the United States ($X per unit), while the average price for exports to El Salvador ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Guatemala

In 2022, supplies from abroad of machine tools for working metal without removing metal decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, machine tool for metal imports dropped sharply to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine tool for metal supplier to Guatemala, with a X% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to 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, the largest machine tool for metal suppliers to Guatemala were China ($X), the United States ($X) and Panama ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Panama ($X per unit), while the price for El Salvador ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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