Guatemala: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in Guatemala

The Guatemalan tailor dummies and automata market surged to $X in 2022, picking up 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 enjoyed prominent growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Tailor Dummies And Automata

Exports from Guatemala

In 2022, shipments abroad of tailor dummies and automata increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, tailor dummies and automata exports surged to $X in 2022. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X tons) was the main destination for tailor dummies and automata exports from Guatemala, accounting for a X% share of total exports. Moreover, tailor dummies and automata exports to Honduras exceeded the volume sent to the second major destination, Nicaragua (X tons), fivefold.

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

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for tailor dummies and automata exported from Guatemala worldwide, together comprising X% of total exports.

Among the main countries of destination, Honduras, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tailor dummies and automata export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a pronounced reduction. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

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

Imports of Tailor Dummies And Automata

Imports into Guatemala

In 2022, tailor dummies and automata imports into Guatemala surged to X tons, increasing by X% on the year before. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, tailor dummies and automata imports soared to $X in 2022. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of tailor dummies and automata to Guatemala, accounting for a X% share of total imports. Moreover, tailor dummies and automata imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of tailor dummies and automata to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average tailor dummies and automata import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price 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, tailor dummies and automata import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Panama ($X per ton), while the price for Mexico ($X per ton) 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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