Guatemala: Safety Glass Market 2024

Safety Glass Market Size in Guatemala

The Guatemalan safety glass market dropped slightly 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 saw a mild downturn. Safety glass consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Safety Glass Exports

Exports from Guatemala

After three years of growth, overseas shipments of safety glass decreased by X% to X square meters in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters, and then contracted rapidly in the following year.

In value terms, safety glass exports declined significantly to $X in 2022. Over the period under review, exports, however, showed mild growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X square meters) was the main destination for safety glass exports from Guatemala, accounting for a X% share of total exports. Moreover, safety glass exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X square meters), fivefold. Nicaragua (X square meters) ranked third in terms of total exports 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: Honduras (X% per year) and Nicaragua (X% per year).

In value terms, the largest markets for safety glass exported from Guatemala were El Salvador ($X), Honduras ($X) and Mexico ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Glass Imports

Imports into Guatemala

In 2022, the amount of safety glass imported into Guatemala contracted to X square meters, dropping by X% against 2021 figures. Over the period under review, imports continue to indicate a slight decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, safety glass imports fell to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X square meters), Mexico (X square meters) and Colombia (X square meters) were the main suppliers of safety glass 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 Colombia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of safety glass to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with an 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: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average safety glass import price amounted to $X per square meter, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per square meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per square meter), while the price for Mexico ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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