Guatemala: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Guatemala

In 2022, after ten years of growth, there was significant decline in the Guatemalan electric oven and cooker market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Guatemala

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate modest growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric oven and cooker exports totaled $X in 2022. In general, exports showed slight growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X units), El Salvador (X units) and Nicaragua (X units) were the main destinations of electric oven and cooker exports from Guatemala, together comprising X% of total exports. Costa Rica, Venezuela and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) appeared to be the largest markets for electric oven and cooker exported from Guatemala worldwide, with a combined X% share of total exports. Costa Rica, Venezuela and Panama lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Venezuela, 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

The average electric oven and cooker export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per unit) and Costa Rica ($X per unit), while the average price for exports to Panama ($X per unit) and El Salvador ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Guatemala

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, electric oven and cooker imports fell to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of electric oven and cooker imports to Guatemala, together comprising X% of total imports. Thailand and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker suppliers to Guatemala were the United States ($X), China ($X) and Mexico ($X), with a combined X% share of total imports. Thailand and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, recorded 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

In 2022, the average electric oven and cooker import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Thailand ($X per unit), while the price for Mexico ($X per unit) and the United States ($X per unit) were 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 a decline.

Source: IndexBox Platform

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