Guatemala: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Guatemala

In 2022, the Guatemalan electromagnetic lifting head market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Electromagnetic Lifting Head Exports

Exports from Guatemala

After three years of growth, shipments abroad of electromagnets and electromagnetic lifting heads decreased by X% to X tons in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, electromagnetic lifting head exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

El Salvador (X tons) was the main destination for electromagnetic lifting head exports from Guatemala, accounting for a X% share of total exports. Moreover, electromagnetic lifting head exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), twofold.

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

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

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

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to El Salvador ($X per ton) was 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.

Electromagnetic Lifting Head Imports

Imports into Guatemala

In 2022, supplies from abroad of electromagnets and electromagnetic lifting heads increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, electromagnetic lifting head imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of electromagnetic lifting head to Guatemala, with a X% share of total imports. Moreover, electromagnetic lifting head imports from Mexico exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Guatemala, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average electromagnetic lifting head import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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