Price for Tools, Hand; Other than Household Tools in Guatemala - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Guatemala (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Guatemala (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Guatemala
- Exports of Tools, Hand; Other than Household Tools in Guatemala
Price for Tools, Hand; Other than Household Tools in Guatemala (CIF) - 2023
In October 2023, the average import price for tools, hand; other than household toolses amounted to $5,579 per ton, declining by -17.9% against the previous month. Over the period under review, the import price showed a slight contraction. The pace of growth appeared the most rapid in February 2023 an increase of 57% month-to-month. As a result, import price attained the peak level of $8,954 per ton. From March 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($13,941 per ton), while the price for the United States ($2,104 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tools, Hand; Other than Household Tools in Guatemala (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $5,658 per ton in 2022, with an increase of 12% against the previous year. In general, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 84%. The export price peaked at $10,402 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 the United States ($13,114 per ton), while the average price for exports to Argentina ($354 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 Trinidad and Tobago (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Guatemala
After three years of growth, supplies from abroad of tools, hand; other than household toolses decreased by -4.8% to 1.2K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% 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 +62.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of 1.2K tons, and then contracted slightly in the following year.
In value terms, imports of tools, hand; other than household toolses expanded sharply to $7.5M in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 89% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Tools, Hand; Other than Household Tools in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.2 | 2.8 | 3.8 | 56.0% |
| Taiwan (Chinese) | 0.4 | 0.4 | 1.2 | 1.5 | 55.4% |
| Mexico | 0.8 | 0.8 | 1.2 | 0.8 | 0.0% |
| United States | 1.1 | 0.7 | 0.9 | 0.7 | -14.0% |
| Others | 0.8 | 0.5 | 0.8 | 0.7 | -4.4% |
| Total | 4.0 | 3.7 | 7.0 | 7.5 | 23.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Guatemala in 2022:
- China (720.6 tons)
- Taiwan (Chinese) (169.0 tons)
- Mexico (139.0 tons)
- United States (79.2 tons)
Exports of Tools, Hand; Other than Household Tools in Guatemala
In 2022, after three years of growth, there was significant decline in shipments abroad of tools, hand; other than household toolses, when their volume decreased by -27.5% to 99 tons. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. As a result, the exports reached the peak of 136 tons, and then declined sharply in the following year.
In value terms, exports of tools, hand; other than household toolses shrank rapidly to $558K in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 110%.
| Export of Tools, Hand; Other than Household Tools in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 100 | 244 | 244 | 134 | 10.2% |
| Honduras | 17.8 | 43.5 | 49.7 | 133 | 95.5% |
| Costa Rica | 5.0 | 114 | 281 | 102 | 173.2% |
| Nicaragua | 5.6 | 30.5 | 62.4 | 35.7 | 85.4% |
| United States | 4.3 | 0.3 | 14.4 | 27.1 | 84.7% |
| Chile | 0.2 | N/A | 17.6 | 24.9 | 399.3% |
| Venezuela | N/A | N/A | N/A | 16.5 | 0% |
| Jamaica | N/A | 0.2 | N/A | 15.3 | 774.6% |
| Trinidad and Tobago | N/A | N/A | N/A | 11.3 | 0% |
| Belize | 2.5 | 5.9 | 13.8 | 9.1 | 53.8% |
| Dominican Republic | 0.6 | 0.7 | 0.8 | 8.3 | 140.1% |
| Germany | 1.5 | N/A | N/A | 7.6 | 71.8% |
| Argentina | N/A | N/A | N/A | 4.3 | 0% |
| Others | 72.8 | 3.6 | 5.7 | 28.3 | -27.0% |
| Total | 211 | 443 | 689 | 558 | 38.3% |
Top Export Markets for Tools, Hand; Other than Household Tools from Guatemala in 2022:
- El Salvador (24.1 tons)
- Honduras (22.3 tons)
- Costa Rica (14.0 tons)
- Argentina (12.3 tons)
- Nicaragua (4.0 tons)
- Chile (3.5 tons)
- Dominican Republic (3.2 tons)
- Venezuela (2.6 tons)
- Belize (2.3 tons)
- Jamaica (2.1 tons)
- United States (2.1 tons)
- Trinidad and Tobago (2.0 tons)
- Germany (1.8 tons)
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