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Guatemala - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Guatemala - 2023
Contents:
- Price for Agricultural and Forestry Tractor in Guatemala (CIF) - 2023
- Price for Agricultural and Forestry Tractor in Guatemala (FOB) - 2022
- Imports of Agricultural and Forestry Tractor in Guatemala
- Exports of Agricultural and Forestry Tractor in Guatemala
Price for Agricultural and Forestry Tractor in Guatemala (CIF) - 2023
The average agricultural and forestry tractor import price stood at $34,620 per unit in June 2023, shrinking by -2.9% against the previous month. In general, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in August 2022 an increase of 77% against the previous month. Over the period under review, average import prices reached the maximum at $58,560 per unit in October 2022; however, from November 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($56,574 per unit), while the price for India ($10,107 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 (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agricultural and Forestry Tractor in Guatemala (FOB) - 2022
The average agricultural and forestry tractor export price stood at $33,038 per unit in 2022, reducing by -26.8% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural and forestry tractor export price decreased by -19.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $45,165 per unit in 2021, and then reduced remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($36,916 per unit), while the average price for exports to Costa Rica ($11,572 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 (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Agricultural and Forestry Tractor in Guatemala
For the fourth year in a row, Guatemala recorded growth in purchases abroad of agricultural and forestry tractors, which increased by 46% to 756 units in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, agricultural and forestry tractor imports skyrocketed to $30M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Agricultural and Forestry Tractor in Guatemala (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 2.0 | 4.4 | 9.6 | 10.8 | 75.4% |
Brazil | 2.2 | 2.7 | 2.2 | 10.2 | 66.7% |
India | 1.8 | 1.1 | 3.0 | 4.2 | 32.6% |
United States | 1.1 | 1.9 | 0.8 | 3.5 | 47.1% |
China | 0.6 | 0.5 | 0.9 | 0.7 | 5.3% |
Turkey | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
Italy | N/A | 0.2 | N/A | 0.2 | 0.0% |
Others | 1.2 | 0.7 | 1.0 | 0.5 | -25.3% |
Total | 9.0 | 11.7 | 17.4 | 30.3 | 49.9% |
Top Suppliers of Agricultural and Forestry Tractor to Guatemala in 2022:
- Mexico (272.0 units)
- India (183.0 units)
- Brazil (177.0 units)
- United States (63.0 units)
- China (26.0 units)
- Italy (14.0 units)
- Turkey (12.0 units)
Exports of Agricultural and Forestry Tractor in Guatemala
In 2022, agricultural and forestry tractor exports from Guatemala skyrocketed to 21 units, growing by 110% on the year before. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, agricultural and forestry tractor exports surged to $694K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 175% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
Export of Agricultural and Forestry Tractor in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 39.9 | 72.4 | 297 | 406 | 116.7% |
Honduras | 146 | 91.6 | 105 | 256 | 20.6% |
Nicaragua | N/A | N/A | N/A | 20.1 | 0% |
Costa Rica | N/A | N/A | 33.6 | 11.6 | -65.5% |
Colombia | 9.5 | N/A | 9.2 | N/A | -1.6% |
Belize | N/A | N/A | 7.0 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 195 | 164 | 452 | 694 | 52.7% |
Top Export Markets for Agricultural and Forestry Tractor from Guatemala in 2022:
- El Salvador (11.0 units)
- Honduras (8.0 units)
- Nicaragua (1.0 units)
- Costa Rica (1.0 units)
This report provides an in-depth analysis of the market for agricultural and forestry tractor 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 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
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
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Guatemala.
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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