| Product Code: ETC5405028 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guyana`s automotive import market saw a diverse range of countries contributing significantly in 2024, with China, UK, Japan, Thailand, and USA emerging as the top exporters. This diversification has led to a shift from high concentration in 2023 to moderate concentration in 2024, indicating a more balanced market landscape. The impressive compound annual growth rate (CAGR) of 8.96% from 2020 to 2024 highlights the market`s steady expansion. Moreover, the growth rate of 1.35% from 2023 to 2024 suggests a stable and sustainable growth trajectory for automotive import shipments in Guyana.

Guyana's Automotive market is anticipated to experience a exponential growth rate of 56.69% by 2027, reflecting trends observed in the largest economy Brazil, 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 Guyana Automotive Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Automotive Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Automotive Market - Industry Life Cycle |
3.4 Guyana Automotive Market - Porter's Five Forces |
3.5 Guyana Automotive Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Guyana Automotive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Guyana |
4.2.2 Growing urbanization leading to higher demand for personal vehicles |
4.2.3 Government initiatives supporting the automotive industry in Guyana |
4.3 Market Restraints |
4.3.1 High import duties on automobiles in Guyana |
4.3.2 Limited availability of financing options for purchasing vehicles |
4.3.3 Lack of established infrastructure for electric vehicles in Guyana |
5 Guyana Automotive Market Trends |
6 Guyana Automotive Market Segmentations |
6.1 Guyana Automotive Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Automotive Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Guyana Automotive Market Revenues & Volume, By Hybrid Electric, 2021-2031F |
6.1.4 Guyana Automotive Market Revenues & Volume, By Plug-In Hybrid Electric, 2021-2031F |
6.1.5 Guyana Automotive Market Revenues & Volume, By Mild Hybrid, 2021-2031F |
6.1.6 Guyana Automotive Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.7 Guyana Automotive Market Revenues & Volume, By Fuel Cell Electric, 2021-2031F |
6.1.9 Guyana Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
6.1.10 Guyana Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
7 Guyana Automotive Market Import-Export Trade Statistics |
7.1 Guyana Automotive Market Export to Major Countries |
7.2 Guyana Automotive Market Imports from Major Countries |
8 Guyana Automotive Market Key Performance Indicators |
8.1 Average age of vehicles on the road in Guyana |
8.2 Percentage of population with access to vehicle financing options |
8.3 Number of charging stations for electric vehicles in Guyana |
9 Guyana Automotive Market - Opportunity Assessment |
9.1 Guyana Automotive Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Guyana Automotive Market - Competitive Landscape |
10.1 Guyana Automotive Market Revenue Share, By Companies, 2024 |
10.2 Guyana Automotive 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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