Price for Electrical Push-Button and Rotary Switch in Guatemala - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Guatemala (CIF) - 2024
- Price for Electrical Push-Button and Rotary Switch in Guatemala (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Guatemala
- Exports of Electrical Push-Button and Rotary Switch in Guatemala
Price for Electrical Push-Button and Rotary Switch in Guatemala (CIF) - 2024
The average import price for electrical push-button and rotary switches for under 1000 v stood at $775 per thousand units in February 2024, picking up by 97% against the previous month. Overall, import price indicated mild growth from February 2023 to February 2024: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, electrical push-button and rotary switch import price increased by +97.4% against January 2024 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Mexico ($1.1 per unit), while the price for India ($331 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Guatemala (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, therefore, remained relatively stable against the previous year. Overall, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2018 an increase of 52%. As a result, the export price attained the peak level of $0.8 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($0.8 per unit), while the average price for exports to El Salvador ($0.3 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 Costa Rica (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Push-Button and Rotary Switch in Guatemala
Electrical push-button and rotary switch imports into Guatemala fell to 29M units in 2022, waning by -3.5% on the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of 30M units, and then shrank slightly in the following year.
In value terms, electrical push-button and rotary switch imports rose remarkably to $17M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports attained the maximum at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Push-Button and Rotary Switch in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.0 | 2.7 | 4.1 | 46.6% |
| Mexico | 0.4 | 0.7 | 1.6 | 3.8 | 111.8% |
| United States | 3.6 | 4.7 | 3.8 | 2.7 | -9.1% |
| Colombia | 0.1 | N/A | 0.5 | 1.8 | 162.1% |
| Costa Rica | 3.9 | 3.1 | 3.0 | 0.9 | -38.7% |
| Germany | 6.7 | 0.7 | 0.5 | 0.6 | -55.3% |
| Italy | 0.1 | N/A | 1.0 | 0.5 | 71.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| Others | 1.0 | 1.1 | 2.0 | 2.0 | 26.0% |
| Total | 17.1 | 11.5 | 15.5 | 16.7 | -0.8% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Guatemala in 2022:
- China (14.7M units)
- Mexico (3.8M units)
- United States (3.2M units)
- Costa Rica (1.9M units)
- Colombia (1.6M units)
- Taiwan (Chinese) (0.7M units)
- Italy (0.5M units)
- Germany (0.3M units)
Exports of Electrical Push-Button and Rotary Switch in Guatemala
For the fourth year in a row, Guatemala recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 56% to 631K units in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electrical push-button and rotary switch exports soared to $293K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 15.1 | 21.2 | 62.0 | 91.6 | 82.4% |
| El Salvador | 23.0 | 23.8 | 41.3 | 67.9 | 43.5% |
| United States | 151 | 162 | 41.5 | 31.6 | -40.6% |
| Mexico | 3.9 | 8.2 | 2.4 | 26.6 | 89.6% |
| Panama | 9.0 | 15.6 | 16.8 | 24.6 | 39.8% |
| Nicaragua | 13.1 | 5.6 | 16.0 | 20.6 | 16.3% |
| Trinidad and Tobago | N/A | N/A | N/A | 17.6 | 0% |
| Costa Rica | 15.0 | 4.3 | 2.6 | 3.2 | -40.2% |
| Others | 19.3 | 2.6 | 5.7 | 9.2 | -21.9% |
| Total | 250 | 244 | 188 | 293 | 5.4% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Guatemala in 2022:
- El Salvador (263.6K units)
- Honduras (119.4K units)
- Mexico (58.0K units)
- United States (50.7K units)
- Panama (43.9K units)
- Trinidad and Tobago (40.6K units)
- Nicaragua (36.0K units)
- Costa Rica (6.3K units)
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