Guatemala: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Guatemala

The Guatemalan animal or vegetable fertilisers market skyrocketed to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted prominent growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Animal Or Vegetable Fertilisers

Exports from Guatemala

In 2022, the amount of animal or vegetable fertilisers exported from Guatemala reduced dramatically to X tons, declining by X% against the previous year's figure. In general, exports showed a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, animal or vegetable fertilisers exports reduced remarkably to $X in 2022. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Honduras (X tons) was the main destination for animal or vegetable fertilisers exports from Guatemala, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), twofold. The third position in this ranking was taken by Nicaragua (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Nicaragua (X% per year).

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) appeared to be the largest markets for animal or vegetable fertilisers exported from Guatemala worldwide, with a combined X% share of total exports. The Dominican Republic and Belize lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belize, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Honduras ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports into Guatemala

In 2022, animal or vegetable fertilisers imports into Guatemala soared to X tons, jumping by X% compared with the previous year. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, animal or vegetable fertilisers imports rose rapidly to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest animal or vegetable fertilisers supplier to Guatemala, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, the United States ($X), Mexico ($X) and the Netherlands ($X) appeared to be the largest animal or vegetable fertilisers suppliers to Guatemala, together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform