Construction Materials Demand in a Growing Guatemala City

Guatemala’s construction industry has been one of the most successful after the year 2021 and has experienced significant growth, driven by robust infrastructure and high-density and single-family residential investments. The construction materials market hit $196.48 million in 2022 and projected a growth of 6.6% between 2023-2028. International remittances play a pivotal role with $38 of every $100 going into housing construction and $24 towards home repairs, according to the International Organization for Migration. This emphasizes the housing sector’s importance and its direct link to construction materials demand. 

Guatemalan demand for construction materials is strong, especially for high-value-added since they are not readily available domestically. Infrastructure projects, residential construction, sustainable building, and tourism-related developments all offer promising avenues. Chinese competition is fierce and broad, but U.S. firms and U.S. products have great reputation and demand, making it easier to enter the market, forge strong local partnerships, and tailor strategies to Guatemala’s unique market dynamics. 

For further information contact: carolina.barrientos@trade.gov.