Price for Navigational Instruments and Appliances; Parts and Accessories in Guatemala - 2023

Contents:

  1. Price for Navigational Instruments and Appliances; Parts and Accessories in Guatemala (CIF) - 2022
  2. Price for Navigational Instruments and Appliances; Parts and Accessories in Guatemala (FOB) - 2022
  3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Guatemala
  4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Guatemala

Price for Navigational Instruments and Appliances; Parts and Accessories in Guatemala (CIF) - 2022

The average import price for navigational instruments and appliances; parts and accessorieses stood at $128,515 per ton in 2022, declining by -22.6% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 52% against the previous year. The import price peaked at $237,906 per ton in 2012; however, from 2013 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 Spain ($1,188,875 per ton), while the price for Canada ($18,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+171.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Guatemala (FOB) - 2022

In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $38,000 per ton, increasing by 63% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2018 an increase of 19,632%. As a result, the export price attained the peak level of $92,500 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($75,000 per ton), while the average price for exports to Spain amounted to $1,000 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5,656.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Guatemala

Imports of navigational instruments and appliances; parts and accessorieses into Guatemala surged to 548 kg in 2022, growing by 69% against the previous year. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of navigational instruments and appliances; parts and accessorieses skyrocketed to $70K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Navigational Instruments and Appliances; Parts and Accessories in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States27.449.622.339.012.5%
Spain2.35.322.619.0102.2%
France2.53.34.65.630.8%
Panama0.30.60.83.3122.4%
HungaryN/AN/AN/A1.30%
El Salvador2.40.80.50.4-45.0%
CanadaN/AN/A0.10.2100.0%
Costa Rica0.80.7N/AN/A-12.5%
Others5.13.52.91.6-32.1%
Total40.963.853.870.419.8%

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Guatemala in 2022:

  1. United States (406.0 kg)
  2. Panama (70.0 kg)
  3. Spain (16.0 kg)
  4. Hungary (14.0 kg)
  5. France (11.0 kg)
  6. Canada (9.0 kg)
  7. El Salvador (7.0 kg)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Guatemala

In 2022, exports of navigational instruments and appliances; parts and accessorieses from Guatemala declined dramatically to 2 kg, which is down by -33.3% on 2021 figures. In general, exports saw a sharp descent.

In value terms, exports of navigational instruments and appliances; parts and accessorieses reached $76 in 2022. The total export value increased at an average annual rate of +8.6% from 2021 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Navigational Instruments and Appliances; Parts and Accessories in Guatemala (USD)
COUNTRY20212022CAGR,
2021-2022
United StatesN/A75.00%
Spain49.01.0-98.0%
El Salvador21.0N/A0%
OthersN/AN/A0%
Total70.076.08.6%

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Guatemala in 2022:

  1. United States (1.0 kg)
  2. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform

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