Key Market Indicators
Guatemala's wool exports are expected to hit $1 million by 2026, up 2.4% from 2021's figure of $873,000. This is a decrease from 1998's rate of 2.6%. In 2021, Guatemala was 64th in the world ranking, falling behind Kyrgyzstan. China, Italy, and Germany came in second, third, and fourth place, respectively. Meanwhile, Guatemalan wool imports are forecast to hit nearly $11 million by 2026, down 1.7% from 2021's figure of $12.1 million. This is a decrease from 1998's rate of 4.6%. In 2021, Guatemala was 57th in the world ranking, falling behind Nigeria. Italy, Germany, and the United Kingdom came in second, third, and fourth place, respectively.
