Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala - 2024

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala (CIF) - 2024
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala (CIF) - 2024

In February 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $67,215 per unit, approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 9.8% m-o-m. The import price peaked at $67,215 per unit in December 2023; afterwards, it flattened through to February 2024.

Average prices varied noticeably amongst the major supplying countries. In February 2024, the highest price was recorded for prices from the UK ($67,224 per unit) and Japan ($67,216 per unit), while the price for Canada ($67,210 per unit) and Germany ($67,213 per unit) were amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Slovakia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $74,640 per unit in 2022, shrinking by -9.2% against the previous year. Over the period under review, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 30%. Over the period under review, the average export prices attained the peak figure at $82,201 per unit in 2021, and then fell 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 the United States ($73,456 per unit), while the average price for exports to Germany ($5,000 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 Switzerland (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala

In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs imported into Guatemala rose modestly to 1.6K units, surging by 2.8% on the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +58.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs rose rapidly to $98M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +85.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Guatemala in 2022:

1. Japan (868.0 units)
2. United States (565.0 units)
3. Germany (87.0 units)
4. Canada (35.0 units)
5. United Kingdom (28.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Guatemala

Exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Guatemala dropped rapidly to 26 units in 2022, with a decrease of -48% compared with 2021 figures. In general, exports showed a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 108%. As a result, the exports attained the peak of 50 units, and then dropped notably in the following year.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs dropped markedly to $1.4M in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 201%. As a result, the exports attained the peak of $3.9M, and then declined markedly in the following year.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Guatemala in 2022:

1. El Salvador (13.0 units)
2. Honduras (2.0 units)
3. United States (2.0 units)
4. Bahrain (1.0 units)
5. Trinidad and Tobago (1.0 units)
6. Germany (1.0 units)
7. Colombia (1.0 units)
8. Belgium (1.0 units)
9. Argentina (1.0 units)
10. Venezuela (1.0 units)
11. Switzerland (1.0 units)
12. Benin (1.0 units)

Source: IndexBox Market Intelligence Platform