Guatemala: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Guatemala

For the fifth year in a row, the Guatemalan market for turbo, rotary and reciporating displacement compressors recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Guatemala

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. In general, total exports indicated a mild expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Honduras (X units), El Salvador (X units) and Nicaragua (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Guatemala, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) constituted the largest markets for turbo, rotary and reciporating displacement compressor exported from Guatemala worldwide, with a combined X% share of total exports.

Honduras, with a CAGR of X%, saw 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

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per unit) and El Salvador ($X per unit), while the average price for exports to Costa Rica ($X per unit) and Nicaragua ($X per unit) were amongst the lowest.

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

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Guatemala

In 2022, imports of turbo, rotary and reciporating displacement compressors into Guatemala amounted to X units, surging by X% against the previous year's figure. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors declined slightly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Guatemala, together accounting for X% of total imports. Brazil, Mexico and the UK 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 the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Guatemala were China ($X), Germany ($X) and the United States ($X), together accounting for X% of total imports.

Among the main suppliers, China, 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 import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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