| Product Code: ETC7405520 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Guatemala saw a shift in wetsuit import shipments with China, Mexico, Bangladesh, Turkey, and Colombia leading the way. The market experienced a significant growth rate of 22.53% from 2020 to 2024. However, there was a slight decrease in growth from 2023 to 2024 at -15.36%. The Herfindahl-Hirschman Index (HHI) indicated a transition from low to moderate concentration in 2024, suggesting a more competitive market landscape. This dynamic environment presents both opportunities and challenges for businesses involved in wetsuit imports in Guatemala.

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 Wetsuit Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Wetsuit Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Wetsuit Market - Industry Life Cycle |
3.4 Guatemala Wetsuit Market - Porter's Five Forces |
3.5 Guatemala Wetsuit Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Guatemala Wetsuit Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of water sports and outdoor activities in Guatemala |
4.2.2 Increasing awareness about the importance of sun protection and safety while engaging in water activities |
4.2.3 Rise in disposable income leading to higher spending on recreational activities |
4.3 Market Restraints |
4.3.1 Seasonal demand due to variations in weather conditions affecting wetsuit sales |
4.3.2 Limited availability of specialized retail outlets for wetsuits in Guatemala |
5 Guatemala Wetsuit Market Trends |
6 Guatemala Wetsuit Market, By Types |
6.1 Guatemala Wetsuit Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Wetsuit Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Guatemala Wetsuit Market Revenues & Volume, By Wind Sports, 2021- 2031F |
6.1.4 Guatemala Wetsuit Market Revenues & Volume, By Surfing, 2021- 2031F |
6.1.5 Guatemala Wetsuit Market Revenues & Volume, By Scuba Diving, 2021- 2031F |
6.1.6 Guatemala Wetsuit Market Revenues & Volume, By Triathlon, 2021- 2031F |
7 Guatemala Wetsuit Market Import-Export Trade Statistics |
7.1 Guatemala Wetsuit Market Export to Major Countries |
7.2 Guatemala Wetsuit Market Imports from Major Countries |
8 Guatemala Wetsuit Market Key Performance Indicators |
8.1 Number of water sports events and competitions held in Guatemala annually |
8.2 Percentage increase in online searches for wetsuits in Guatemala |
8.3 Average spending on water sports equipment per capita in Guatemala |
9 Guatemala Wetsuit Market - Opportunity Assessment |
9.1 Guatemala Wetsuit Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Guatemala Wetsuit Market - Competitive Landscape |
10.1 Guatemala Wetsuit Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Wetsuit 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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