Guatemala: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Guatemala

The Guatemalan pneumatic linear acting actuator market skyrocketed to $X in 2022, growing 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). In general, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Exports of Pneumatic Linear Acting Actuators

Exports from Guatemala

Pneumatic linear acting actuator exports from Guatemala declined to X units in 2022, which is down by X% on 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X units) was the main destination for pneumatic linear acting actuator exports from Guatemala, accounting for a X% share of total exports. Moreover, pneumatic linear acting actuator exports to El Salvador exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at X%.

In value terms, El Salvador ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a 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%.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, showed a mild shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Linear Acting Actuators

Imports into Guatemala

In 2022, approx. X units of pneumatic linear acting actuators were imported into Guatemala; surging by X% against the year before. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic linear acting actuator imports surged to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Guatemala, with a combined X% share of total imports. Germany, Brazil, Mexico and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest pneumatic linear acting actuator suppliers to Guatemala, with a combined X% share of total imports. Italy, Mexico, Brazil and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Italy, 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 more modest paces of growth.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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