Plugs and Socket Price in Guatemala - 2024
Contents:
- Plugs and Socket Price in Guatemala (CIF) - 2024
- Plugs and Socket Price in Guatemala (FOB) - 2022
- Plugs and Socket Imports in Guatemala
- Plugs and Socket Exports in Guatemala
Plugs and Socket Price in Guatemala (CIF) - 2024
The average plugs and socket import price stood at $110 per thousand units in June 2023, waning by -14.9% against the previous month. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in April 2023 an increase of 35% against the previous month. As a result, import price attained the peak level of $0.2 per unit. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Colombia ($327 per thousand units), while the price for China ($61.0 per thousand units) was amongst the lowest.
From February 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Colombia (+21.5%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Guatemala (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, growing by 74% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 99%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($0.3 per unit), while the average price for exports to Colombia (less than $0.1 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 (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Guatemala
In 2022, approx. 147M units of electrical plugs and sockets for under 1000 v were imported into Guatemala; picking up by 1.8% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +55.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, plugs and socket imports rose sharply to $18M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Plugs and Socket in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 1.1 | 3.7 | 6.4 | 79.9% |
| Mexico | 0.8 | 0.8 | 2.2 | 4.1 | 72.4% |
| Colombia | 0.1 | 0.1 | 0.6 | 2.1 | 175.9% |
| Costa Rica | 6.4 | 5.8 | 4.4 | 2.0 | -32.1% |
| United States | 3.5 | 2.1 | 2.6 | 1.4 | -26.3% |
| El Salvador | N/A | 0.3 | 1.3 | N/A | 333.3% |
| Others | 0.5 | 0.7 | 1.0 | 1.6 | 47.4% |
| Total | 12.5 | 10.8 | 15.7 | 17.6 | 12.1% |
Top Suppliers of Plugs and Socket to Guatemala in 2022:
- China (87.4M units)
- Mexico (25.5M units)
- Costa Rica (14.9M units)
- Colombia (7.4M units)
- United States (4.8M units)
Plugs and Socket Exports in Guatemala
In 2022, the amount of electrical plugs and sockets for under 1000 v exported from Guatemala fell significantly to 1M units, with a decrease of -46.9% compared with 2021. Overall, exports recorded a precipitous descent. The smallest decline of -7.7% was in 2020. The exports peaked at 2.7M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plugs and socket exports fell to $188K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of $203K, and then fell in the following year.
| Export of Plugs and Socket in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 11.7 | 47.2 | 55.0 | 120 | 117.3% |
| El Salvador | 38.8 | 40.5 | 102 | 28.6 | -9.7% |
| Nicaragua | 13.1 | 9.7 | 14.4 | 16.6 | 8.2% |
| Costa Rica | 5.9 | 10.8 | 21.0 | 8.2 | 11.6% |
| Belize | N/A | 2.8 | 1.3 | 6.0 | 46.4% |
| United States | 53.7 | 17.8 | 8.0 | 3.9 | -58.3% |
| Guyana | N/A | N/A | N/A | 2.2 | 0% |
| Jamaica | N/A | N/A | N/A | 1.1 | 0% |
| Colombia | 36.6 | 0.1 | 0.3 | N/A | -90.9% |
| Others | 1.0 | 0.4 | 1.0 | 1.4 | 11.9% |
| Total | 161 | 129 | 203 | 188 | 5.3% |
Top Export Markets for Plugs and Socket from Guatemala in 2022:
- Honduras (463.3K units)
- El Salvador (195.4K units)
- Nicaragua (168.9K units)
- Costa Rica (104.5K units)
- Belize (32.4K units)
- Guyana (30.0K units)
- Jamaica (17.7K units)
- United States (12.4K units)
- Colombia (0.1K units)
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