Price for Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (CIF) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (CIF) - 2024
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,270 per unit in December 2023, shrinking by -48.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average import price increased by 86% month-to-month. The import price peaked at $2,468 per unit in November 2023, and then contracted dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($4,049 per unit), while the price for China ($382 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $2,761 per unit in 2022, jumping by 45% against the previous year. Overall, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,282 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 Belize ($5,250 per unit), while the average price for exports to El Salvador ($1,823 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 Colombia (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala
In 2022, imports of reciprocating or rotary internal combustion piston engineses into Guatemala soared to 18K units, increasing by 27% on 2021. In general, imports showed slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses soared to $14M in 2022. Overall, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +2.5% 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 +56.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.3 | 5.4 | 5.4 | 6.5 | -11.3% |
| China | 1.1 | 1.0 | 2.3 | 4.0 | 53.8% |
| Japan | 1.6 | 1.1 | 1.2 | 2.5 | 16.0% |
| Mexico | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.8 | 1.2 | 2.0 | 1.0 | 7.7% |
| Total | 13.0 | 8.9 | 11.1 | 14.0 | 2.5% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Guatemala in 2022:
- China (11.6K units)
- United States (4.5K units)
- Japan (1.0K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala
For the fourth year in a row, Guatemala recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 9.1% to 168 units in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of reciprocating or rotary internal combustion piston engineses totaled $472K in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 154% against the previous year. As a result, the exports attained the peak of $798K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 82.6 | 39.5 | 109 | 171 | 27.4% |
| Brazil | N/A | 90.0 | 30.0 | 130 | 20.2% |
| Honduras | 45.4 | 51.2 | 95.5 | 79.7 | 20.6% |
| Belize | 16.6 | 0.5 | 147 | 57.8 | 51.6% |
| Germany | 15.4 | 14.9 | 22.0 | 15.4 | 0.0% |
| Mexico | 25.1 | 13.9 | 8.2 | 6.2 | -37.3% |
| Nicaragua | 69.6 | 2.4 | N/A | 1.9 | -69.9% |
| Colombia | 2.6 | 563 | N/A | N/A | 21553.8% |
| Others | 57.3 | 23.2 | 7.8 | 9.2 | -45.6% |
| Total | 315 | 798 | 419 | 472 | 14.4% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Guatemala in 2022:
- El Salvador (94.0 units)
- Brazil (31.0 units)
- Honduras (23.0 units)
- Belize (11.0 units)
- Germany (4.0 units)
- Mexico (2.0 units)
- Nicaragua (1.0 units)
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