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Guatemala - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in Guatemala - 2023
Contents:
- Loudspeaker Price in Guatemala (CIF) - 2023
- Loudspeaker Price in Guatemala (FOB) - 2022
- Loudspeaker Imports in Guatemala
- Loudspeaker Exports in Guatemala
Loudspeaker Price in Guatemala (CIF) - 2023
The average loudspeaker import price stood at $12.6 per unit in June 2023, which is down by -39.4% against the previous month. Over the period under review, the import price showed a mild reduction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 41% month-to-month. As a result, import price reached the peak level of $20.7 per unit, and then declined dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($29.9 per unit), while the price for China ($11.3 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Loudspeaker Price in Guatemala (FOB) - 2022
The average loudspeaker export price stood at $14 per unit in 2022, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 76%. As a result, the export price reached the peak level of $24 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($24 per unit), while the average price for exports to Honduras ($7 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 the United States (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Guatemala
In 2022, approx. 1.8M units of loudspeakers were imported into Guatemala; growing by 18% against 2021 figures. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, loudspeaker imports surged to $29M in 2022. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Loudspeaker in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.1 | 4.0 | 10.3 | 20.1 | 48.8% |
United States | 7.9 | 5.6 | 6.4 | 3.1 | -26.8% |
Italy | 0.5 | 0.3 | 0.5 | 2.1 | 61.3% |
Panama | 2.0 | 1.4 | 1.6 | N/A | -10.6% |
Others | 2.1 | 0.9 | 1.5 | 3.5 | 18.6% |
Total | 18.6 | 12.1 | 20.4 | 28.8 | 15.7% |
Top Suppliers of Loudspeaker to Guatemala in 2022:
- China (1439.4K units)
- United States (214.3K units)
- Italy (93.2K units)
- Panama (1.8K units)
Loudspeaker Exports in Guatemala
In 2022, the amount of loudspeakers exported from Guatemala rose modestly to 28K units, surging by 1.9% against 2021. Over the period under review, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports hit record highs at 33K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, loudspeaker exports stood at $400K in 2022. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. The exports peaked at $580K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Loudspeaker in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 272 | 69.6 | 155 | 241 | -4.0% |
Honduras | 75.4 | 76.0 | 106 | 53.4 | -10.9% |
Nicaragua | 58.1 | 114 | 101 | 52.3 | -3.4% |
United States | 128 | 15.0 | 21.4 | 36.8 | -34.0% |
Costa Rica | 39.0 | 3.6 | 5.7 | 3.0 | -57.5% |
Others | 8.2 | 8.5 | 8.7 | 13.5 | 18.1% |
Total | 580 | 287 | 398 | 400 | -11.6% |
Top Export Markets for Loudspeaker from Guatemala in 2022:
- El Salvador (13.7K units)
- Honduras (7.6K units)
- Nicaragua (3.8K units)
- United States (1.6K units)
- Costa Rica (0.2K units)
This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
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
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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
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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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