Price for Tractors; (Other than Tractors of Heading No 8709) in Guatemala - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Guatemala (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Guatemala (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Guatemala
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Guatemala
Price for Tractors; (Other than Tractors of Heading No 8709) in Guatemala (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $222,505 per unit, with an increase of 167% against the previous year. Overall, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($384,637 per unit), while the price for India ($34,148 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Guatemala (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $28,521 per unit in 2022, dropping by -17.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $35,405 per unit in 2019; however, from 2020 to 2022, the export prices remained at a 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 Honduras ($29,276 per unit), while the average price for exports to the United States ($60 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 Honduras (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Guatemala
Imports of tractors; (other than tractors of heading no 8709)s into Guatemala contracted significantly to 326 units in 2022, with a decrease of -59.5% compared with the previous year's figure. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of 804 units, and then fell notably in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s expanded rapidly to $73M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.0 | 23.7 | 36.9 | 25.2 | -1.0% |
| Mexico | 5.1 | 8.0 | 16.0 | 19.6 | 56.6% |
| Brazil | 3.2 | 6.1 | 6.4 | 17.4 | 75.8% |
| India | 1.8 | 1.1 | 3.0 | 4.2 | 32.6% |
| Canada | 0.8 | 0.8 | 2.0 | 3.5 | 63.6% |
| China | 0.7 | 0.6 | 1.3 | 1.0 | 12.6% |
| Italy | 0.1 | 0.2 | N/A | 0.5 | 71.0% |
| Others | 2.0 | 1.3 | 1.3 | 1.2 | -15.7% |
| Total | 39.6 | 41.9 | 66.9 | 72.5 | 22.3% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Guatemala in 2022:
- India (123.0 units)
- United States (68.0 units)
- Mexico (53.0 units)
- Brazil (47.0 units)
- Canada (9.0 units)
- Italy (7.0 units)
- China (3.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Guatemala
For the fourth year in a row, Guatemala recorded growth in overseas shipments of tractors; (other than tractors of heading no 8709)s, which increased by 53% to 90 units in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 321% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $2.6M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 325% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 146 | 91.6 | 947 | 1,610 | 122.6% |
| El Salvador | 241 | 286 | 641 | 901 | 55.2% |
| Belize | 23.7 | 3.9 | 36.5 | 24.1 | 0.6% |
| Nicaragua | 16.0 | N/A | 18.0 | 20.1 | 7.9% |
| Costa Rica | 3.6 | 52.0 | 292 | 11.6 | 47.7% |
| United States | N/A | 46.4 | 91.9 | 0.1 | -95.4% |
| Others | 65.5 | N/A | 9.2 | N/A | -62.5% |
| Total | 496 | 480 | 2,036 | 2,567 | 73.0% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Guatemala in 2022:
- Honduras (55.0 units)
- El Salvador (31.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- Belize (1.0 units)
- Nicaragua (1.0 units)
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