Report Update Apr 1, 2024

Guatemala - Insulated Wire and Cable - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Wire And Cable Market 2024

Wire And Cable Market Size in Guatemala

The Guatemalan wire and cable market expanded significantly to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong increase. Wire and cable consumption peaked in 2022 and is likely to continue growth in the near future.

Wire And Cable Exports

Exports from Guatemala

In 2022, approx. X tons of insulated wire and cable were exported from Guatemala; falling by X% compared with 2021. In general, exports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, wire and cable exports fell to $X in 2022. Overall, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

El Salvador (X tons) was the main destination for wire and cable exports from Guatemala, with a X% share of total exports. Moreover, wire and cable exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), twofold. The third position in this ranking was held by Nicaragua (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Nicaragua (X% per year).

In value terms, the largest markets for wire and cable exported from Guatemala were El Salvador ($X), Honduras ($X) and Nicaragua ($X), with a combined X% share of total exports.

Nicaragua, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to El Salvador ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Guatemala

For the third consecutive year, Guatemala recorded growth in purchases abroad of insulated wire and cable, which increased by X% to X tons in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, wire and cable imports expanded notably to $X in 2022. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 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.

Imports by Country

Mexico (X tons), China (X tons) and Costa Rica (X tons) were the main suppliers of wire and cable imports to Guatemala, with a combined X% share of total imports.

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

In value terms, Mexico ($X), China ($X) and Costa Rica ($X) were the largest wire and cable suppliers to Guatemala, with a combined X% share of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of 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 wire and cable import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for insulated wire and cable in the world?

The country with the largest volume of wire and cable consumption was China, accounting for 27% of total volume. Moreover, wire and cable consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was held by Indonesia, with a 4.8% share.

What are the largest producers of insulated wire and cable in the world?

China constituted the country with the largest volume of wire and cable production, comprising approx. 35% of total volume. Moreover, wire and cable production in China exceeded the figures recorded by the second-largest producer, Italy, sixfold. The third position in this ranking was held by Indonesia, with a 4.8% share.

What are the leading suppliers of insulated wire and cable to Guatemala?

In value terms, Mexico, China and Costa Rica were the largest wire and cable suppliers to Guatemala, together comprising 85% of total imports.

What are the leading importers of insulated wire and cable from Guatemala?

In value terms, the largest markets for wire and cable exported from Guatemala were El Salvador, Honduras and Nicaragua, together accounting for 93% of total exports.

What is the average export price for insulated wire and cable in Guatemala?

The average wire and cable export price stood at $7,824 per ton in 2022, approximately mirroring the previous year.

What is the average import price for insulated wire and cable in Guatemala?

The average wire and cable import price stood at $6,801 per ton in 2022, flattening at the previous year.

This report provides an in-depth analysis of the wire and cable 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 27321130 -
Prodcom 27321150 -
Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023