| Product Code: ETC11269607 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Guatemala`s wetsuit import market in 2024 saw major contributions from top exporting countries including China, USA, Mexico, Colombia, and Bangladesh. Despite the diverse range of sources, the market maintained low concentration indicated by a low Herfindahl-Hirschman Index (HHI). The industry demonstrated impressive growth with a Compound Annual Growth Rate (CAGR) of 27.78% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -5.37%, indicating a potential shift in market dynamics.

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 Wetsuits Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Wetsuits Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Wetsuits Market - Industry Life Cycle |
3.4 Guatemala Wetsuits Market - Porter's Five Forces |
3.5 Guatemala Wetsuits Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala Wetsuits Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Guatemala Wetsuits Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Guatemala Wetsuits Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Guatemala Wetsuits Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in water sports activities in Guatemala |
4.2.2 Growth in tourism sector leading to demand for water sports equipment |
4.2.3 Rising disposable income among the population |
4.3 Market Restraints |
4.3.1 High import duties on wetsuits impacting affordability |
4.3.2 Limited availability of specialized wetsuit retailers in Guatemala |
5 Guatemala Wetsuits Market Trends |
6 Guatemala Wetsuits Market, By Types |
6.1 Guatemala Wetsuits Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Wetsuits Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Guatemala Wetsuits Market Revenues & Volume, By Full-Length, 2021 - 2031F |
6.1.4 Guatemala Wetsuits Market Revenues & Volume, By Shorty, 2021 - 2031F |
6.1.5 Guatemala Wetsuits Market Revenues & Volume, By Spring Suit, 2021 - 2031F |
6.1.6 Guatemala Wetsuits Market Revenues & Volume, By Drysuits, 2021 - 2031F |
6.1.7 Guatemala Wetsuits Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Guatemala Wetsuits Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Wetsuits Market Revenues & Volume, By Neoprene, 2021 - 2031F |
6.2.3 Guatemala Wetsuits Market Revenues & Volume, By Thermoplastic Elastomer, 2021 - 2031F |
6.2.4 Guatemala Wetsuits Market Revenues & Volume, By Blended Fabrics, 2021 - 2031F |
6.2.5 Guatemala Wetsuits Market Revenues & Volume, By Waterproof Membrane, 2021 - 2031F |
6.2.6 Guatemala Wetsuits Market Revenues & Volume, By Custom Fit, 2021 - 2031F |
6.3 Guatemala Wetsuits Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Wetsuits Market Revenues & Volume, By Scuba Diving, 2021 - 2031F |
6.3.3 Guatemala Wetsuits Market Revenues & Volume, By Surfing, 2021 - 2031F |
6.3.4 Guatemala Wetsuits Market Revenues & Volume, By Triathlons, 2021 - 2031F |
6.3.5 Guatemala Wetsuits Market Revenues & Volume, By Cold Water Diving, 2021 - 2031F |
6.3.6 Guatemala Wetsuits Market Revenues & Volume, By Recreational Swimming, 2021 - 2031F |
6.4 Guatemala Wetsuits Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Wetsuits Market Revenues & Volume, By Professional Divers, 2021 - 2031F |
6.4.3 Guatemala Wetsuits Market Revenues & Volume, By Water Sports Enthusiasts, 2021 - 2031F |
6.4.4 Guatemala Wetsuits Market Revenues & Volume, By Athletes, 2021 - 2031F |
6.4.5 Guatemala Wetsuits Market Revenues & Volume, By Military and Rescue, 2021 - 2031F |
6.4.6 Guatemala Wetsuits Market Revenues & Volume, By Leisure Market, 2021 - 2031F |
7 Guatemala Wetsuits Market Import-Export Trade Statistics |
7.1 Guatemala Wetsuits Market Export to Major Countries |
7.2 Guatemala Wetsuits Market Imports from Major Countries |
8 Guatemala Wetsuits Market Key Performance Indicators |
8.1 Tourism growth rate in Guatemala |
8.2 Number of water sports events and competitions in the country |
8.3 Percentage of population participating in water sports activities |
8.4 Average spending on water sports equipment per capita |
9 Guatemala Wetsuits Market - Opportunity Assessment |
9.1 Guatemala Wetsuits Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala Wetsuits Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Guatemala Wetsuits Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Guatemala Wetsuits Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Guatemala Wetsuits Market - Competitive Landscape |
10.1 Guatemala Wetsuits Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Wetsuits 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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