Guatemala: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Guatemala

The Guatemalan wooden joinery and carpentry market totaled $X in 2023, growing by X% against the previous year. In general, consumption saw strong growth. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Guatemala

In value terms, wooden joinery and carpentry production rose modestly to $X in 2023 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Guatemala

In 2023, approx. X tons of builders' joinery and carpentry of wood were exported from Guatemala; picking up by X% against 2022. Overall, total exports indicated a prominent increase from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, wooden joinery and carpentry exports amounted to $X in 2023. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons), El Salvador (X tons) and Honduras (X tons) were the main destinations of wooden joinery and carpentry exports from Guatemala, together accounting for X% of total exports. Nicaragua, Panama, Costa Rica and the Dominican Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

Export Prices by Country

The average wooden joinery and carpentry export price stood at $X per ton in 2023, which is down by X% against the previous year. In general, export price indicated a moderate increase 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, wooden joinery and carpentry export price decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

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

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Guatemala

Wooden joinery and carpentry imports into Guatemala reduced to X tons in 2023, which is down by X% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports expanded sharply to $X in 2023. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Austria (X tons) constituted the largest supplier of wooden joinery and carpentry to Guatemala, accounting for a X% share of total imports. Moreover, wooden joinery and carpentry imports from Austria exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

In value terms, China ($X), Brazil ($X) and Austria ($X) were the largest wooden joinery and carpentry suppliers to Guatemala, together accounting for X% of total imports. Honduras, Colombia, the United States, Slovenia, Italy and Germany lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden joinery and carpentry import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform