Guatemala: Travel Set Market 2024

Travel Set Market Size in Guatemala

The Guatemalan travel set market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Travel Set Production in Guatemala

In value terms, travel set production skyrocketed to $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Travel Set Exports

Exports from Guatemala

In 2022, the amount of travel sets exported from Guatemala skyrocketed to X units, with an increase of X% against the year before. Over the period under review, exports, however, recorded a deep slump. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, travel set exports soared to $X in 2022. Overall, exports, however, faced a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X units) was the main destination for travel set exports from Guatemala, accounting for a X% share of total exports. Moreover, travel set exports to Cuba exceeded the volume sent to the second major destination, El Salvador (X units), more than tenfold. The third position in this ranking was held by Honduras (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba 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).

In value terms, Cuba ($X) remains the key foreign market for travel sets exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cuba 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

In 2022, the average travel set export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Cuba ($X per unit) and El Salvador ($X per unit), while the average price for exports to Panama ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Travel Set Imports

Imports into Guatemala

For the third year in a row, Guatemala recorded growth in purchases abroad of travel sets, which increased by X% to X units in 2022. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, travel set imports soared to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico (X units), the United States (X units) and China (X units) were the main suppliers of travel set imports to Guatemala, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), the United States ($X) and China ($X) appeared to be the largest travel set suppliers to Guatemala, together accounting for X% of total imports.

In terms of the main suppliers, the United States, 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 2022, the average travel set import price amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, posted a buoyant increase. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Panama ($X per unit) were amongst the lowest.

From 2012 to 2022, 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

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