Guatemala: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Guatemala

The Guatemalan cement prefabricated structural components market expanded markedly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption showed a buoyant expansion. Cement prefabricated structural components consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Guatemala

In value terms, cement prefabricated structural components production rose markedly to $X in 2023 estimated in export price. Over the period under review, production showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Guatemala

In 2023, overseas shipments of prefabricated structural components of cement, concrete or artificial stone increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, cement prefabricated structural components exports surged to $X in 2023. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the near future.

Exports by Country

El Salvador (X tons) was the main destination for cement prefabricated structural components exports from Guatemala, accounting for a X% share of total exports. Moreover, cement prefabricated structural components exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to El Salvador amounted to 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, El Salvador ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to El Salvador amounted to 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).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cement prefabricated structural components export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 mixed trend patterns.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Guatemala

In 2023, the amount of prefabricated structural components of cement, concrete or artificial stone imported into Guatemala was estimated at X tons, leveling off at 2022 figures. Over the period under review, total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, cement prefabricated structural components imports rose rapidly to $X in 2023. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

In 2023, Mexico (X tons) constituted the largest cement prefabricated structural components supplier to Guatemala, with a X% share of total imports. Moreover, cement prefabricated structural components imports from Mexico exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), fivefold.

From 2012 to 2023, the average annual growth rate of volume from Mexico amounted to X%.

In value terms, Mexico ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Mexico stood at X%.

Import Prices by Country

In 2023, the average cement prefabricated structural components import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Costa Rica amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Source: IndexBox Platform