Price for Cycles; Parts Thereof, Saddles in Guatemala - 2023

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Guatemala (CIF) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Guatemala (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Guatemala
4. Exports of Cycles; Parts Thereof, Saddles in Guatemala

Price for Cycles; Parts Thereof, Saddles in Guatemala (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $6.9 per unit, dropping by -35.2% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 90%. Over the period under review, average import prices hit record highs at $11 per unit in 2021, and then contracted sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($6.7 per unit), while the price for China stood at $6.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%).

Price for Cycles; Parts Thereof, Saddles in Guatemala (FOB) - 2022

The average cycles; parts thereof, saddles export price stood at $12 per unit in 2022, declining by -42.6% against the previous year. Overall, the export price, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 46%. Over the period under review, the average export prices attained the maximum at $34 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($12 per unit), while the average price for exports to Belize ($6.9 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Guatemala

In 2022, cycles; parts thereof, saddles imports into Guatemala fell notably to 112K units, waning by -20.5% against 2021 figures. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. As a result, imports reached the peak of 141K units, and then dropped remarkably in the following year.

In value terms, cycles; parts thereof, saddles imports contracted significantly to $771K in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 148% against the previous year. As a result, imports attained the peak of $1.5M, and then fell markedly in the following year.

Top Suppliers of Cycles; Parts Thereof, Saddles to Guatemala in 2022:

1. China (96.8K units)
2. Taiwan (Chinese) (11.3K units)

Exports of Cycles; Parts Thereof, Saddles in Guatemala

In 2022, approx. 1.4K units of cycles; parts thereof, saddleses were exported from Guatemala; increasing by 498% on the year before. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cycles; parts thereof, saddles exports soared to $17K in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 571%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Cycles; Parts Thereof, Saddles from Guatemala in 2022:

1. El Salvador (1106.0 units)
2. Honduras (216.0 units)
3. Belize (52.0 units)
4. Nicaragua (52.0 units)
5. Costa Rica (19.0 units)

Source: IndexBox Market Intelligence Platform