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Guatemala - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Guatemala - 2023
Contents:
- Tractor Price in Guatemala (CIF) - 2023
- Tractor Price in Guatemala (FOB) - 2022
- Tractor Imports in Guatemala
- Tractor Exports in Guatemala
Tractor Price in Guatemala (CIF) - 2023
The average tractor import price stood at $40,671 per unit in June 2023, picking up by 13% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 91% against the previous month. The import price peaked at $58,560 per unit in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($69,831 per unit), while the price for India ($10,107 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Guatemala (FOB) - 2022
In 2022, the average tractor export price amounted to $29,678 per unit, stabilizing at the previous year. Overall, the export price showed a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 94% against the previous year. The export price peaked at $34,003 per unit in 2012; however, from 2013 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 ($42,020 per unit), while the average price for exports to Costa Rica ($11,572 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 Honduras (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Tractor Imports in Guatemala
In 2022, supplies from abroad of tractors decreased by -50.1% to 822 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports attained the peak of 1.6K units, and then reduced dramatically in the following year.
In value terms, tractor imports reduced markedly to $31M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. As a result, imports reached the peak of $66M, and then contracted remarkably in the following year.
Import of Tractor in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 5.1 | 8.0 | 16.0 | 10.9 | 28.8% |
Brazil | 3.2 | 6.1 | 6.4 | 10.3 | 47.6% |
United States | 25.9 | 23.6 | 36.3 | 4.3 | -45.0% |
India | 1.8 | 1.1 | 3.0 | 4.2 | 32.6% |
China | 0.7 | 0.6 | 1.3 | 0.7 | 0.0% |
Italy | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
Others | 2.7 | 2.1 | 3.3 | 0.8 | -33.3% |
Total | 39.5 | 41.7 | 66.3 | 31.4 | -7.4% |
Top Suppliers of Tractor to Guatemala in 2022:
- Mexico (274.0 units)
- India (183.0 units)
- Brazil (179.0 units)
- United States (117.0 units)
- China (29.0 units)
- Italy (15.0 units)
Tractor Exports in Guatemala
In 2022, shipments abroad of tractors decreased by -17.6% to 56 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 119%. As a result, the exports attained the peak of 68 units, and then fell markedly in the following year.
In value terms, tractor exports fell rapidly to $1.7M in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 325%. As a result, the exports reached the peak of $2M, and then declined rapidly in the following year.
Export of Tractor in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belize | 23.7 | 3.9 | 36.5 | 798 | 222.9% |
El Salvador | 241 | 286 | 641 | 576 | 33.7% |
Honduras | 146 | 91.6 | 947 | 256 | 20.6% |
Nicaragua | 16.0 | N/A | 18.0 | 20.1 | 7.9% |
Costa Rica | 3.6 | 52.0 | 292 | 11.6 | 47.7% |
Colombia | 65.5 | N/A | 9.2 | N/A | -62.5% |
United States | N/A | 46.4 | 91.9 | N/A | 98.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 496 | 480 | 2,036 | 1,662 | 49.6% |
Top Export Markets for Tractor from Guatemala in 2022:
- El Salvador (27.0 units)
- Belize (19.0 units)
- Honduras (8.0 units)
- Nicaragua (1.0 units)
- Costa Rica (1.0 units)
This report provides an in-depth analysis of the tractor market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tractor market in Guatemala.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Guatemala.
This report provides an in-depth analysis of the crawler tractor market in Guatemala.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Guatemala.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Guatemala.
This report provides an in-depth analysis of the global tractor market.
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
This report provides an in-depth analysis of the global crawler tractor market.
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
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Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Learn about the forecasted growth of the worldwide crawler tractor market from 2023 to 2030, with projected increases in both volume and value terms.