Guatemala - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in Guatemala - 2023
Contents:
- Truck Price in Guatemala (CIF) - 2023
- Truck Price in Guatemala (FOB) - 2023
- Truck Imports in Guatemala
- Truck Exports in Guatemala
Truck Price in Guatemala (CIF) - 2023
In June 2023, the average truck import price amounted to $23,653 per unit, approximately equating the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 17% month-to-month. The import price peaked at $24,400 per unit in April 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($32,200 per unit), while the price for the United States ($16,882 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Guatemala (FOB) - 2023
In June 2023, the average truck export price amounted to $23,276 per unit, picking up by 1.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 42% month-to-month. Over the period under review, the average export prices attained the peak figure at $29,315 per unit in April 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Honduras ($24,747 per unit), while the average price for exports to the United States ($14,836 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in Guatemala
Truck imports into Guatemala shrank sharply to 48K units in 2022, which is down by -15.6% compared with 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.9% 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 +31.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of 57K units, and then reduced markedly in the following year.
In value terms, truck imports totaled $637M in 2022. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Truck in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 80.4 | 69.7 | 115 | 144 | 21.4% |
Japan | 45.4 | 55.6 | 107 | 143 | 46.6% |
Thailand | 51.7 | 40.3 | 78.6 | 102 | 25.4% |
United States | 118 | 106 | 137 | 77.7 | -13.0% |
China | 17.3 | 22.6 | 47.5 | 65.0 | 55.5% |
South Korea | 16.7 | 22.7 | 33.5 | 30.3 | 22.0% |
Mexico | 28.5 | 17.0 | 32.1 | 22.4 | -7.7% |
Others | 21.2 | 20.1 | 41.4 | 51.7 | 34.6% |
Total | 379 | 354 | 592 | 637 | 18.9% |
Top Suppliers of Truck to Guatemala in 2022:
- Japan (15.0K units)
- United States (13.9K units)
- Argentina (6.0K units)
- Thailand (3.7K units)
- China (3.3K units)
- South Korea (2.9K units)
- Mexico (1.2K units)
Truck Exports in Guatemala
In 2022, overseas shipments of trucks were finally on the rise to reach 480 units after two years of decline. Over the period under review, exports, however, recorded a abrupt decline. The exports peaked at 567 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, truck exports skyrocketed to $23M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Truck in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 10.0 | 7.7 | 12.5 | 10.4 | 1.3% |
Nicaragua | 1.0 | 2.5 | 0.5 | 5.4 | 75.4% |
Belize | 2.2 | 1.6 | 1.3 | 4.1 | 23.1% |
El Salvador | 2.1 | 2.6 | 2.1 | 2.5 | 6.0% |
Costa Rica | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
Venezuela | 1.6 | N/A | N/A | N/A | 0% |
Others | 0.5 | 0.7 | 0.1 | 0.5 | 0.0% |
Total | 18.0 | 15.4 | 16.7 | 23.1 | 8.7% |
Top Export Markets for Truck from Guatemala in 2022:
- Honduras (139.0 units)
- El Salvador (114.0 units)
- Belize (100.0 units)
- Nicaragua (99.0 units)
- Costa Rica (7.0 units)
This report provides an in-depth analysis of the truck market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the truck market in Guatemala.
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This report provides an in-depth analysis of the global truck market.
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This report provides an in-depth analysis of the global petroleum-engine cargo trucks market.
This report provides an in-depth analysis of the truck market in Guatemala.
This report provides an in-depth analysis of the off-highway dumper market in Guatemala.
This report provides an in-depth analysis of the petroleum-engine cargo trucks market in Guatemala.
This report provides an in-depth analysis of the global truck market.
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...