Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $102 per unit, increasing by 13% against the previous year. Overall, the import price, however, recorded a slight reduction. Over the period under review, average import prices attained the peak figure at $127 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($102 per unit) and Canada ($102 per unit), while the price for Indonesia ($102 per unit) and El Salvador ($102 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $92 per unit in 2022, rising by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $97 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Costa Rica ($91 per unit) and Nicaragua ($91 per unit), while the average price for exports to Panama ($91 per unit) and the United States ($91 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into Guatemala contracted modestly to 190K units, waning by -1.8% on 2021. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +74.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports attained the peak of 193K units, and then dropped in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use rose significantly to $19M in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 3.6 | 4.9 | 5.6 | 7.6% |
| China | 2.8 | 1.9 | 4.3 | 5.3 | 23.7% |
| Brazil | 1.2 | 0.5 | 2.4 | 1.5 | 7.7% |
| Colombia | 1.0 | 0.3 | 0.8 | 1.0 | 0.0% |
| India | 0.3 | 0.4 | 0.2 | 0.9 | 44.2% |
| Malaysia | 0.5 | 0.4 | 0.9 | 0.9 | 21.6% |
| Vietnam | 0.3 | 0.4 | 0.6 | 0.9 | 44.2% |
| Spain | 0.2 | N/A | 0.2 | 0.7 | 51.8% |
| Mexico | 0.5 | 0.5 | 1.0 | 0.6 | 6.3% |
| El Salvador | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
| Canada | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Indonesia | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 1.5 | 0.9 | 1.2 | 1.1 | -9.8% |
| Total | 13.6 | 9.5 | 17.6 | 19.4 | 12.6% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Guatemala in 2022:
- United States (54.5K units)
- China (51.9K units)
- Brazil (14.3K units)
- Colombia (9.5K units)
- Malaysia (8.8K units)
- Vietnam (8.6K units)
- India (8.3K units)
- Spain (6.6K units)
- Mexico (5.7K units)
- El Salvador (4.2K units)
- Indonesia (3.2K units)
- Canada (2.9K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala
In 2022, approx. 63K units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Guatemala; increasing by 24% against the year before. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 114% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $5.8M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 404 | 360 | 1,674 | 2,467 | 82.8% |
| El Salvador | 797 | 892 | 1,357 | 1,498 | 23.4% |
| United States | 579 | 361 | 539 | 732 | 8.1% |
| Panama | 516 | 143 | 547 | 314 | -15.3% |
| Nicaragua | 157 | 103 | 164 | 249 | 16.6% |
| Costa Rica | 250 | 24.4 | 83.9 | 19.8 | -57.1% |
| Others | 538 | 194 | 206 | 507 | -2.0% |
| Total | 3,241 | 2,077 | 4,570 | 5,787 | 21.3% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Guatemala in 2022:
- Honduras (27.0K units)
- El Salvador (16.4K units)
- United States (8.0K units)
- Panama (3.4K units)
- Nicaragua (2.7K units)
- Costa Rica (0.2K units)
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