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Guatemala - Braces, Suspenders And Garters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBraces and Garters Price in Guatemala - 2023
Contents:
- Braces and Garters Price in Guatemala (CIF) - 2022
- Braces and Garters Price in Guatemala (FOB) - 2022
- Braces and Garters Imports in Guatemala
- Braces and Garters Exports in Guatemala
Braces and Garters Price in Guatemala (CIF) - 2022
The average braces and garters import price stood at $3.5 per unit in 2022, dropping by -5.7% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23%. As a result, import price attained the peak level of $5.6 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 Panama ($24 per unit), while the price for China ($2.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Braces and Garters Price in Guatemala (FOB) - 2022
In 2022, the average braces and garters export price amounted to $11 per unit, jumping by 22% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($44 per unit), while the average price for exports to Cuba ($2.3 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 Honduras (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Braces and Garters Imports in Guatemala
Braces and garters imports into Guatemala soared to 564K units in 2022, jumping by 25% compared with 2021 figures. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at 588K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, braces and garters imports surged to $2M in 2022. Over the period under review, imports, however, saw a slight contraction. Over the period under review, imports hit record highs at $2M in 2019; afterwards, it flattened through to 2022.
Import of Braces and Garters in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,515 | 1,433 | 1,049 | 1,286 | -5.3% |
United States | 102 | 208 | 217 | 150 | 13.7% |
Mexico | 194 | 114 | 118 | 127 | -13.2% |
Hong Kong SAR | 55.0 | 45.6 | 45.0 | 102 | 22.9% |
Others | 180 | 215 | 232 | 296 | 18.0% |
Total | 2,046 | 2,015 | 1,661 | 1,962 | -1.4% |
Top Suppliers of Braces and Garters to Guatemala in 2022:
- China (503.9K units)
- Hong Kong SAR (28.5K units)
- United States (14.5K units)
- Mexico (9.1K units)
Braces and Garters Exports in Guatemala
For the third consecutive year, Guatemala recorded decline in shipments abroad of braces, suspenders and garters, which decreased by -35% to 9.4K units in 2022. In general, exports recorded a significant decline. The smallest decline of -11% was in 2021. Over the period under review, the exports hit record highs at 20K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, braces and garters exports dropped markedly to $105K in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, the exports reached the maximum at $132K in 2021, and then reduced sharply in the following year.
Export of Braces and Garters in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 30.3 | 29.5 | 29.0 | 34.5 | 4.4% |
El Salvador | 19.2 | 20.5 | 15.7 | 21.4 | 3.7% |
Mexico | 0.7 | 0.6 | N/A | 16.6 | 187.3% |
Costa Rica | 7.5 | 1.0 | 0.9 | 13.5 | 21.6% |
Nicaragua | 12.8 | 17.8 | 8.6 | 9.7 | -8.8% |
Panama | 15.4 | 11.1 | 9.6 | 6.9 | -23.5% |
United States | 6.7 | 31.0 | 67.4 | 2.1 | -32.1% |
Cuba | 2.4 | 1.4 | 0.7 | N/A | -46.0% |
Others | 0.1 | 0.4 | N/A | N/A | 300.0% |
Total | 95.0 | 113 | 132 | 105 | 3.4% |
Top Export Markets for Braces and Garters from Guatemala in 2022:
- Cuba (undefinedK units)
- Honduras (3.6K units)
- El Salvador (2.4K units)
- Nicaragua (1.4K units)
- Panama (1.1K units)
- Mexico (0.4K units)
- Costa Rica (0.4K units)
- United States (0.1K units)
This report provides an in-depth analysis of the braces and garters 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 14142570 - Braces, suspenders, garters and similar articles and parts thereof
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- 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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