Price for Machines; Parts and Accessories, of Heading No. 8472 in Guatemala - 2023

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala

Price for Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $38,804 per ton in 2022, waning by -15.7% against the previous year. Overall, the import price, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2014 an increase of 49%. The import price peaked at $51,622 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was El Salvador ($92,405 per ton), while the price for China ($26,331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $263,020 per ton in 2022, shrinking by -8% against the previous year. Overall, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 173%. The export price peaked at $285,746 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($554,217 per ton), while the average price for exports to Panama ($17,571 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala

Imports of machines; parts and accessories, of heading no. 8472 into Guatemala soared to 35 tons in 2022, rising by 79% against 2021 figures. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; parts and accessories, of heading no. 8472 surged to $1.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.1N/A88.1662444.5%
United States709726504323-23.1%
Italy32.52.98.350.515.8%
Germany56.977.212620.9-28.4%
El Salvador45.087.3N/A3.4-57.7%
Colombia4.689.346.3N/A217.3%
Panama72.20.20.4N/A-92.6%
Others74.236.011628256.1%
Total9981,0198891,34210.4%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Guatemala in 2022:

  1. China (25.1 tons)
  2. United States (6.1 tons)
  3. Italy (1.0 tons)
  4. Germany (0.2 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala

In 2022, the amount of machines; parts and accessories, of heading no. 8472 exported from Guatemala soared to 1 tons, rising by 31% on the previous year's figure. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 soared to $270K in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 225% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador31.26.490.513864.2%
Honduras0.93.968.979.8345.9%
Costa Rica27.536.762.646.018.7%
Panama9.9N/AN/A2.8-34.4%
FranceN/AN/AN/A2.20%
GermanyN/AN/AN/A1.00%
Dominican Republic7.55.3N/AN/A-29.3%
United StatesN/A15.0N/AN/A0%
OthersN/A1.30.8N/A-38.5%
Total77.168.622327051.9%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Guatemala in 2022:

  1. Honduras (445.0 kg)
  2. El Salvador (271.0 kg)
  3. Panama (161.0 kg)
  4. Costa Rica (83.0 kg)
  5. Germany (34.0 kg)
  6. France (31.0 kg)

Source: IndexBox Market Intelligence Platform

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