Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala - 2022

Contents:

1. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala (CIF) - 2022
2. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala (FOB) - 2022
3. Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala
4. Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala (CIF) - 2022

In 2022, the average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $15 per unit, growing by 34% against the previous year. Over the period under review, the import price, however, saw a pronounced decrease. The import price peaked at $23 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($16 per unit) and El Salvador ($16 per unit), while the price for the United States ($15 per unit) and Panama ($16 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala (FOB) - 2022

The average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $458 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 842% against the previous year. The export price peaked in 2022 and is likely to see steady 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 Nicaragua ($519 per unit), while the average price for exports to El Salvador ($105 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+228.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala

In 2022, approx. 356 units of clock movements; complete and assembled, other than battery, accumulator or mains powereds were imported into Guatemala; which is down by -21.4% compared with the year before. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of reached the peak figure at 514 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds expanded significantly to $5.5K in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Over the period under review, imports of reached the maximum at $8.3K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Guatemala in 2022:

1. United States (219.0 units)
2. Panama (65.0 units)
3. El Salvador (45.0 units)
4. China (27.0 units)

Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Guatemala

Exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds from Guatemala shrank dramatically to 9 units in 2022, with a decrease of -47.1% compared with the previous year's figure. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 325% against the previous year. As a result, the exports attained the peak of 17 units, and then reduced rapidly in the following year.

In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds shrank rapidly to $4.1K in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,473%. As a result, the exports reached the peak of $7.8K, and then contracted sharply in the following year.

Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from Guatemala in 2022:

1. Honduras (7.0 units)
2. El Salvador (1.0 units)
3. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform