Musical Instrument Strings Price in Guatemala - 2023
Contents:
- Musical Instrument Strings Price in Guatemala (CIF) - 2022
- Musical Instrument Strings Price in Guatemala (FOB) - 2022
- Musical Instrument Strings Imports in Guatemala
- Musical Instrument Strings Exports in Guatemala
Musical Instrument Strings Price in Guatemala (CIF) - 2022
In 2022, the average musical instrument strings import price amounted to $0.5 per unit, rising by 25% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $0.7 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Mexico ($1.9 per unit), while the price for China ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Musical Instrument Strings Price in Guatemala (FOB) - 2022
The average musical instrument strings export price stood at $0.3 per unit in 2022, reducing by -6.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 125%. Over the period under review, the average export prices hit record highs at $0.3 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($0.4 per unit), while the average price for exports to Nicaragua ($0.2 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 Nicaragua (+6.9%), while the prices for the other major destinations experienced a decline.
Musical Instrument Strings Imports in Guatemala
In 2022, the amount of musical instrument stringses imported into Guatemala plummeted to 534K units, falling by -49.7% compared with the previous year's figure. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 197%. As a result, imports reached the peak of 1.1M units, and then dropped notably in the following year.
In value terms, musical instrument strings imports reduced remarkably to $276K in 2022. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2021 with an increase of 197% against the previous year. As a result, imports attained the peak of $440K, and then shrank notably in the following year.
| Import of Musical Instrument Strings in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 176 | 89.0 | 293 | 144 | -6.5% |
| Mexico | 16.8 | 37.9 | 11.3 | 53.9 | 47.5% |
| China | 40.7 | 21.0 | 76.1 | 53.7 | 9.7% |
| Indonesia | N/A | N/A | N/A | 23.2 | 0% |
| Hong Kong SAR | 22.6 | 0.1 | 33.6 | N/A | 21.9% |
| Others | 3.8 | N/A | 25.4 | 1.3 | -30.1% |
| Total | 260 | 148 | 440 | 276 | 2.0% |
Top Suppliers of Musical Instrument Strings to Guatemala in 2022:
- China (356.6K units)
- United States (118.3K units)
- Mexico (28.9K units)
- Indonesia (27.3K units)
Musical Instrument Strings Exports in Guatemala
In 2022, exports of musical instrument stringses from Guatemala shrank sharply to 955 units, dropping by -98.7% compared with 2021. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 3.4% against the previous year. Over the period under review, the exports hit record highs at 150K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, musical instrument strings exports fell markedly to $296 in 2022. Over the period under review, exports faced a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 132% against the previous year. Over the period under review, the exports attained the maximum at $36K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Musical Instrument Strings in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 20.1 | 4.1 | 19.0 | 0.2 | -78.5% |
| Nicaragua | 9.1 | 5.5 | 5.4 | 0.1 | -77.8% |
| El Salvador | 6.4 | 0.9 | 0.2 | N/A | -82.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.7 | 10.6 | 24.6 | 0.3 | -79.7% |
Top Export Markets for Musical Instrument Strings from Guatemala in 2022:
- Honduras (543.0 units)
- Nicaragua (398.0 units)
- El Salvador (14.0 units)
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