Single Loudspeaker Price in Guatemala - 2022
Contents:
- Single Loudspeaker Price in Guatemala (CIF) - 2022
- Single Loudspeaker Price in Guatemala (FOB) - 2022
- Single Loudspeaker Imports in Guatemala
- Single Loudspeaker Exports in Guatemala
Single Loudspeaker Price in Guatemala (CIF) - 2022
In 2022, the average single loudspeaker import price amounted to $18 per unit, increasing by 11% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $28 per unit in 2017; however, from 2018 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 the United States ($113 per unit), while the price for China ($10 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Single Loudspeaker Price in Guatemala (FOB) - 2022
In 2022, the average single loudspeaker export price amounted to $65 per unit, increasing by 3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2017 when the average export price increased by 5.8%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($439 per unit), while the average price for exports to Nicaragua ($14 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 the United States (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Single Loudspeaker Imports in Guatemala
In 2022, approx. 537K units of single loudspeakers (in enclosure) were imported into Guatemala; increasing by 20% against 2021. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, single loudspeaker imports skyrocketed to $9.9M in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Single Loudspeaker in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.2 | 3.5 | 6.7 | 61.2% |
| United States | 2.4 | 2.3 | 2.7 | 1.6 | -12.6% |
| Mexico | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 1.2 | 0.8 | 1.0 | 1.3 | 2.7% |
| Total | 5.4 | 4.4 | 7.5 | 9.9 | 22.4% |
Top Suppliers of Single Loudspeaker to Guatemala in 2022:
- China (669.8K units)
- United States (14.4K units)
- Mexico (6.6K units)
Single Loudspeaker Exports in Guatemala
In 2022, single loudspeaker exports from Guatemala shrank notably to 1.4K units, waning by -58.4% compared with the previous year. Overall, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of 3.3K units, and then shrank rapidly in the following year.
In value terms, single loudspeaker exports fell significantly to $89K in 2022. Over the period under review, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of $207K, and then declined rapidly in the following year.
| Export of Single Loudspeaker in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 51.0 | 4.6 | 34.6 | 27.2 | -18.9% |
| Honduras | 47.6 | 51.4 | 75.7 | 19.6 | -25.6% |
| Peru | 11.2 | 12.4 | 15.6 | 15.3 | 11.0% |
| United States | 11.9 | 3.3 | 4.0 | 10.5 | -4.1% |
| Nicaragua | 36.4 | 42.7 | 69.9 | 6.9 | -42.6% |
| Dominican Republic | 1.5 | 2.2 | 3.5 | 4.4 | 43.1% |
| Belize | 1.0 | 0.2 | 1.2 | 2.8 | 40.9% |
| Costa Rica | 24.4 | 3.0 | 0.4 | 0.4 | -74.6% |
| Others | 2.9 | 4.6 | 2.3 | 1.7 | -16.3% |
| Total | 188 | 124 | 207 | 88.7 | -22.2% |
Top Export Markets for Single Loudspeaker from Guatemala in 2022:
- Nicaragua (483.0 units)
- Honduras (323.0 units)
- Peru (283.0 units)
- United States (180.0 units)
- Dominican Republic (82.0 units)
- El Salvador (62.0 units)
- Belize (62.0 units)
- Costa Rica (19.0 units)
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