| Product Code: ETC5040474 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate from 2023 to 2024, the surfboard import market in Guatemala continues to thrive with a high Herfindahl-Hirschman Index indicating concentrated market power among top exporting countries such as China, USA, Canada, Malaysia, and Italy. The impressive compound annual growth rate (CAGR) of 16.17% from 2020 to 2024 highlights the increasing popularity of surfboarding in Guatemala. The competition and trade dynamics among these key exporting nations are likely to shape the market landscape and drive further growth in the coming years.

By 2027, Guatemala's Surfboard market is forecasted to achieve a growing growth rate of 7.62%, with Brazil leading the Latin America region, followed by Mexico, Argentina, Colombia and Chile.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Surfboard Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Surfboard Market - Industry Life Cycle |
3.4 Guatemala Surfboard Market - Porter's Five Forces |
3.5 Guatemala Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guatemala Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Guatemala Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Guatemala Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of surfing as a recreational activity in Guatemala |
4.2.2 Growth in disposable income leading to higher spending on leisure activities |
4.2.3 Favorable weather conditions and coastal geography attracting surfers and surf enthusiasts to Guatemala |
4.3 Market Restraints |
4.3.1 Limited awareness and accessibility of surfboards in Guatemala |
4.3.2 High import duties and taxes on surfboards impacting affordability |
4.3.3 Lack of infrastructure and facilities for surfboard manufacturing in the country |
5 Guatemala Surfboard Market Trends |
6 Guatemala Surfboard Market Segmentations |
6.1 Guatemala Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.3 Guatemala Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.4 Guatemala Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.5 Guatemala Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.6 Guatemala Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guatemala Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 Guatemala Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 Guatemala Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 Guatemala Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Guatemala Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Guatemala Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 Guatemala Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 Guatemala Surfboard Market Import-Export Trade Statistics |
7.1 Guatemala Surfboard Market Export to Major Countries |
7.2 Guatemala Surfboard Market Imports from Major Countries |
8 Guatemala Surfboard Market Key Performance Indicators |
8.1 Average number of surfers visiting Guatemala annually |
8.2 Percentage growth in surfboard rental services |
8.3 Number of surf schools or training centers offering surfboard lessons |
9 Guatemala Surfboard Market - Opportunity Assessment |
9.1 Guatemala Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guatemala Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Guatemala Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Guatemala Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Surfboard Market - Competitive Landscape |
10.1 Guatemala Surfboard Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Surfboard Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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