Guatemala - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Furniture Price in Guatemala - 2023
Contents:
- Plastic Furniture Price in Guatemala (CIF) - 2023
- Plastic Furniture Price in Guatemala (FOB) - 2023
- Plastic Furniture Imports in Guatemala
- Plastic Furniture Exports in Guatemala
Plastic Furniture Price in Guatemala (CIF) - 2023
In October 2023, the average plastic furniture import price amounted to $2.4 per unit, which is down by -16.1% against the previous month. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in February 2023 an increase of 17% m-o-m. The import price peaked at $3.4 per unit in October 2022; however, from November 2022 to October 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 ($8.3 per unit), while the price for Ecuador ($1.3 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by El Salvador (+0.1%), while the prices for the other major suppliers experienced a decline.
Plastic Furniture Price in Guatemala (FOB) - 2023
The average plastic furniture export price stood at $3.0 per unit in October 2023, shrinking by -6.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices reached the maximum at $3.5 per unit in November 2022; however, from December 2022 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($5.8 per unit), while the average price for exports to Mexico ($1.6 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Furniture Imports in Guatemala
In 2022, approx. 4.7M units of furniture of plastic were imported into Guatemala; rising by 12% on the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +69.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plastic furniture imports rose notably to $15M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +88.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Plastic Furniture in Guatemala (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.8 | 2.0 | 4.6 | 4.9 | 20.5% |
Honduras | 0.8 | 1.1 | 2.4 | 4.0 | 71.0% |
El Salvador | 2.9 | 2.3 | 2.7 | 2.9 | 0.0% |
United States | 0.9 | 0.7 | 0.8 | 0.8 | -3.9% |
Mexico | 0.7 | 0.8 | 0.9 | 0.7 | 0.0% |
Colombia | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
Costa Rica | 0.7 | 0.5 | 0.5 | 0.1 | -47.7% |
Others | 0.6 | 0.3 | 0.8 | 1.0 | 18.6% |
Total | 9.7 | 7.9 | 12.9 | 14.8 | 15.1% |
Top Suppliers of Plastic Furniture to Guatemala in 2022:
- China (1734.3K units)
- Honduras (1524.5K units)
- El Salvador (858.7K units)
- Mexico (181.0K units)
- United States (160.0K units)
- Colombia (88.6K units)
- Costa Rica (22.8K units)
Plastic Furniture Exports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in shipments abroad of furniture of plastic, which increased by 4.4% to 2.9M units in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.2% 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 +82.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, plastic furniture exports rose significantly to $9.1M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
Export of Plastic Furniture in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 1.5 | 2.0 | 3.2 | 2.9 | 24.6% |
Honduras | 0.9 | 0.9 | 2.0 | 2.7 | 44.2% |
Nicaragua | 0.3 | 0.6 | 1.2 | 1.8 | 81.7% |
Costa Rica | 0.8 | 0.9 | 1.3 | 0.7 | -4.4% |
Panama | 0.2 | 0.1 | 0.7 | 0.6 | 44.2% |
Mexico | N/A | 0.1 | N/A | 0.2 | 41.4% |
Others | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
Total | 3.9 | 4.9 | 8.6 | 9.1 | 32.6% |
Top Export Markets for Plastic Furniture from Guatemala in 2022:
- El Salvador (978.2K units)
- Honduras (872.4K units)
- Nicaragua (592.6K units)
- Panama (168.0K units)
- Costa Rica (143.1K units)
- Mexico (95.7K units)
This report provides an in-depth analysis of the plastic furniture 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)
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
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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
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