Guatemala: Seeder And Planter Market 2024

Seeder And Planter Market Size in Guatemala

In 2023, the Guatemalan seeder and planter market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption, however, continues to indicate a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Seeder And Planter Production in Guatemala

In value terms, seeder and planter production totaled less than $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

Seeder And Planter Exports

Exports from Guatemala

Seeder and planter exports from Guatemala surged to X units in 2016, with an increase of X% compared with 2015 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2016 and are likely to see gradual growth in years to come.

In value terms, seeder and planter exports surged to $X in 2016. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2016 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for seeder and planter exports from Guatemala, with a X% share of total exports. Moreover, seeder and planter exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), more than tenfold.

From 2012 to 2016, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for seeders, planters, transplanters exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports.

From 2012 to 2016, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2016, waning by X% against the previous year. Over the period under review, the export price showed a precipitous decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2016, 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 El Salvador ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Guatemala

In 2016, approx. X units of seeders, planters, transplanters were imported into Guatemala; with a decrease of X% against 2015 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, seeder and planter imports reduced sharply to $X in 2016. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Italy (X units), Mexico (X units) and the United States (X units) were the main suppliers of seeder and planter imports to Guatemala, together comprising X% of total imports. Brazil, China, Nicaragua and El Salvador lagged somewhat behind, together accounting for a further X%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seeder and planter suppliers to Guatemala were Italy ($X), Mexico ($X) and the United States ($X), with a combined X% share of total imports. Brazil, El Salvador, China and Nicaragua lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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

In 2016, the average seeder and planter import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Nicaragua ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform