Guatemala: Ceramic Tile Market 2024

Ceramic Tile Market Size in Guatemala

In 2023, the Guatemalan ceramic tile market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Ceramic tile consumption peaked at $X in 2022, and then declined in the following year.

Ceramic Tile Production in Guatemala

In value terms, ceramic tile production shrank slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2022, and then reduced slightly in the following year.

Ceramic Tile Exports

Exports from Guatemala

In 2023, after three years of growth, there was decline in shipments abroad of ceramic tiles, when their volume decreased by X% to X square meters. Over the period under review, exports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X square meters in 2022, and then declined slightly in the following year.

In value terms, ceramic tile exports stood at $X in 2023. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

El Salvador (X square meters), Honduras (X square meters) and Nicaragua (X square meters) were the main destinations of ceramic tile exports from Guatemala, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic tile exported from Guatemala were El Salvador ($X), Honduras ($X) and Nicaragua ($X), together comprising X% of total exports.

Among the main countries of destination, El Salvador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2023, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Costa Rica ($X per square meter) and El Salvador ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) and Honduras ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Guatemala

In 2023, purchases abroad of ceramic tiles decreased by X% to X square meters for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X square meters in 2022, and then contracted notably in the following year.

In value terms, ceramic tile imports declined dramatically to $X in 2023. Overall, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then reduced notably in the following year.

Imports by Country

Mexico (X square meters), India (X square meters) and China (X square meters) were the main suppliers of ceramic tile imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), India ($X) and China ($X) were the largest ceramic tile suppliers to Guatemala, with a combined X% share of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2023, jumping by X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ceramic tile import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were India ($X per square meter) and China ($X per square meter), while the price for the United Arab Emirates ($X per square meter) and Colombia ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform