Guatemala: Artichoke Market 2025

Artichoke Market Size in Guatemala

In 2022, the Guatemalan artichoke market increased by 8.6% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Artichoke Production in Guatemala

In value terms, artichoke production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a precipitous curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 89%. Artichoke production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average artichoke yield in Guatemala amounted to less than X kg per ha, flattening at the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of artichokes production in Guatemala stood at less than X ha, remaining constant against 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Artichoke Exports

Exports from Guatemala

In 2022, overseas shipments of artichokes increased by 329% to X tons, rising for the second year in a row after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 522% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, artichoke exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,499%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for artichoke exports from Guatemala, with a 76% share of total exports. Moreover, artichoke exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled +34.7%.

In value terms, the largest markets for artichoke exported from Guatemala were Honduras ($X) and El Salvador ($X).

Among the main countries of destination, Honduras, with a CAGR of +39.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average artichoke export price amounted to $X per ton, reducing by -55% against the previous year. In general, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 157%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+3.5%), while the prices for the other major destinations experienced a decline.

Artichoke Imports

Imports into Guatemala

In 2022, overseas purchases of artichokes decreased by -18.2% to X tons, falling for the third year in a row after eight years of growth. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, artichoke imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 2.6%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Honduras (X tons) was the main artichoke supplier to Guatemala, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Honduras was relatively modest.

In value terms, Honduras ($X) constituted the largest supplier of artichokes to Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value from Honduras was relatively modest.

Import Prices by Country

The average artichoke import price stood at $X per ton in 2022, growing by 3.6% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -6.0% per year.

Source: IndexBox Platform