Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala (CIF) - 2023
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala (CIF) - 2023

In October 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $10,461 per unit, which is down by -8.5% against the previous month. Over the period from July 2023 to October 2023, it increased at an average monthly rate of +5.1%. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 16% against the previous month. Over the period under review, average import prices attained the peak figure at $11,430 per unit in September 2023, and then dropped in the following month.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Panama ($12,154 per unit) and Thailand ($12,025 per unit), while the price for the United States ($9,468 per unit) and China ($9,664 per unit) were amongst the lowest.

From July 2023 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $10,002 per unit, reducing by -15.4% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $11,817 per unit in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($14,505 per unit), while the average price for exports to Costa Rica ($2,979 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 Belize (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala

In 2022, overseas purchases of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were finally on the rise to reach 840 units after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $13M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Guatemala in 2022:

1. United States (224.0 units)
2. China (143.0 units)
3. India (90.0 units)
4. Mexico (89.0 units)
5. South Korea (68.0 units)
6. France (46.0 units)
7. Spain (33.0 units)
8. Japan (26.0 units)
9. Brazil (25.0 units)
10. Italy (20.0 units)
11. Malaysia (17.0 units)
12. Canada (16.0 units)
13. United Kingdom (15.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Guatemala

After three years of growth, shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -45.3% to 47 units in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, the exports reached the peak of 86 units, and then fell markedly in the following year.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) fell notably to $470K in 2022. In general, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 88%. As a result, the exports attained the peak of $1M, and then fell dramatically in the following year.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Guatemala in 2022:

1. Costa Rica (15.0 units)
2. El Salvador (12.0 units)
3. Honduras (9.0 units)
4. Dominican Republic (7.0 units)
5. Belize (2.0 units)
6. United States (1.0 units)
7. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform