Guatemala: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Guatemala

The Guatemalan telecommunications instrument market soared to $X in 2022, surging 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, however, saw a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Telecommunications Instrument Exports

Exports from Guatemala

In 2022, approx. X units of telecommunications instruments were exported from Guatemala; which is down by X% against 2021 figures. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, telecommunications instrument exports surged to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for telecommunications instrument exports from Guatemala, accounting for a X% share of total exports. Moreover, telecommunications instrument exports to France exceeded the volume sent to the second major destination, Honduras (X units), fourfold.

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

In value terms, France ($X) emerged as the key foreign market for telecommunications instruments exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports.

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

Export Prices by Country

The average telecommunications instrument export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Honduras ($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 France (X%), while the prices for the other major destinations experienced a decline.

Telecommunications Instrument Imports

Imports into Guatemala

In 2022, overseas purchases of telecommunications instruments increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, telecommunications instrument imports soared to $X in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Poland (X units) were the main suppliers of telecommunications instrument imports to Guatemala, together comprising X% of total imports. Thailand, India, Taiwan (Chinese) and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Mexico ($X) were the largest telecommunications instrument suppliers to Guatemala, with a combined X% share of total imports. Thailand, China, Poland and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Thailand, with a CAGR of X.9%, saw the highest growth rate of 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 telecommunications instrument import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Mexico ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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