Key Market Indicators
Guatemalan imports of electrical equipment are projected to reach approximately $2 billion by 2028, up from around $1.8 billion in 2023. This marks an annual growth rate of 1.8% in compound annual growth rate (CAGR). Since 1998, the country's demand for electrical equipment has seen an annual increase of 2.5%. On the export front, Guatemala's electrical equipment shipments are expected to hit about $175 million by 2028, rising from roughly $152 million in 2023. This represents an average annual growth rate of 2.3%. Since 1998, the nation's supply of electrical equipment has grown by 3.4% annually.
