Guatemala - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Guatemala - 2022
Contents:
- Refrigerator Compressor Price in Guatemala (CIF) - 2022
- Refrigerator Compressor Price in Guatemala (FOB) - 2022
- Refrigerator Compressor Imports in Guatemala
- Refrigerator Compressor Exports in Guatemala
Refrigerator Compressor Price in Guatemala (CIF) - 2022
The average refrigerator compressor import price stood at $77 per unit in 2022, reducing by -19.7% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 7.8%. Over the period under review, average import prices attained the maximum at $207 per unit in 2016; however, from 2017 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 China ($618 per unit), while the price for Brazil amounted to $28 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%).
Refrigerator Compressor Price in Guatemala (FOB) - 2022
The average refrigerator compressor export price stood at $481 per unit in 2022, growing by 55% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator compressor export price increased by +78.6% against 2019 indices. 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 the United States ($3,869 per unit), while the average price for exports to Panama ($260 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 the United States (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator Compressor Imports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in purchases abroad of compressors for refrigeration equipment, which increased by 45% to 232K units in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 106% 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, refrigerator compressor imports skyrocketed to $18M in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Refrigerator Compressor in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 1.8 | 2.3 | 4.3 | 6.1 | 50.2% |
China | 1.2 | 0.6 | 3.2 | 4.0 | 49.4% |
Others | 7.8 | 6.3 | 7.7 | 7.7 | -0.4% |
Total | 10.8 | 9.3 | 15.3 | 17.8 | 18.1% |
Top Suppliers of Refrigerator Compressor to Guatemala in 2022:
- Brazil (221.2K units)
- China (6.5K units)
Refrigerator Compressor Exports in Guatemala
After three years of growth, shipments abroad of compressors for refrigeration equipment decreased by -37.4% to 1.1K units in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. The exports peaked at 1.7K units in 2021, and then reduced remarkably in the following year.
In value terms, refrigerator compressor exports declined to $512K in 2022. The total export value increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. The exports peaked at $527K in 2021, and then declined slightly in the following year.
Export of Refrigerator Compressor in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 162 | 164 | 209 | 274 | 19.1% |
United States | 36.3 | 87.6 | 111 | 166 | 66.0% |
El Salvador | 25.0 | 21.0 | 28.0 | 54.0 | 29.3% |
China | N/A | N/A | N/A | 16.4 | 0% |
Ecuador | 18.9 | 16.4 | 15.3 | N/A | -10.0% |
Dominican Republic | 33.8 | 37.3 | 43.9 | N/A | 14.0% |
Colombia | 27.9 | 25.8 | 25.5 | N/A | -4.4% |
Trinidad and Tobago | 6.8 | 9.7 | 9.6 | N/A | 18.8% |
Mexico | 15.5 | 14.8 | 14.6 | N/A | -2.9% |
Canada | 7.8 | 6.6 | 5.9 | N/A | -13.0% |
Others | 26.3 | 73.4 | 64.8 | 1.2 | -64.3% |
Total | 360 | 456 | 527 | 512 | 12.5% |
Top Export Markets for Refrigerator Compressor from Guatemala in 2022:
- Honduras (808.0 units)
- El Salvador (160.0 units)
- China (49.0 units)
- United States (43.0 units)
This report provides an in-depth analysis of the refrigerator compressor market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28132300 - Compressors for refrigeration equipment
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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