Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala - 2023

Contents:

  1. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (CIF) - 2022
  2. Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (FOB) - 2022
  3. Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala
  4. Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (CIF) - 2022

In 2022, the average import price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s amounted to $4.3 per unit, reducing by -1.6% against the previous year. In general, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 22%. As a result, import price attained the peak level of $4.4 per unit, and then reduced slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4.6 per unit) and China ($4.3 per unit), while the price for Panama ($3.5 per unit) and Mexico ($4 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (FOB) - 2022

The average export price for umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s stood at $9.2 per unit in 2022, with an increase of 43% against the previous year. Overall, the export price enjoyed prominent growth. The export price peaked at $9.3 per unit in 2019; however, from 2020 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 Honduras ($11 per unit), while the average price for exports to the Dominican Republic ($5.4 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 El Salvador (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala

Imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s into Guatemala stood at 1.1M units in 2022, increasing by 15% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s rose notably to $4.8M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.02.73.74.413.6%
United States0.20.20.20.1-20.6%
Mexico0.1N/AN/A0.10.0%
Others0.30.20.30.2-12.6%
Total3.53.24.34.811.1%

Top Suppliers of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) to Guatemala in 2022:

  1. China (1027.1K units)
  2. United States (26.9K units)
  3. Mexico (17.7K units)

Exports of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala

In 2022, overseas shipments of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s decreased by -45.1% to 28K units for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of 51K units, and then contracted rapidly in the following year.

In value terms, exports of umbrellas; sun umbrellas (including walking stick umbrellas, garden umbrellas and similar umbrellas)s shrank rapidly to $256K in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports attained the peak of $326K, and then dropped dramatically in the following year.

Export of Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras1041101201225.5%
El Salvador71.059.211165.3-2.8%
Costa Rica38.526.94.533.0-5.0%
Nicaragua42.913.571.718.8-24.0%
Panama22.43.115.311.2-20.6%
Dominican Republic0.5N/A2.52.571.0%
Others4.60.31.83.0-13.3%
Total283213326256-3.3%

Top Export Markets for Umbrellas; Sun Umbrellas (Including Walking Stick Umbrellas, Garden Umbrellas and Similar Umbrellas) from Guatemala in 2022:

  1. Honduras (11.3K units)
  2. El Salvador (6.1K units)
  3. Costa Rica (4.4K units)
  4. Nicaragua (3.5K units)
  5. Panama (1.7K units)
  6. Dominican Republic (0.5K units)
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