Guatemala: Asparagus Market 2025

Asparagus Market Size in Guatemala

The Guatemalan asparagus market fell to $X in 2022, reducing by -6.7% against the previous year. Over the period under review, consumption, however, saw a noticeable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Asparagus Production in Guatemala

In value terms, asparagus production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 55%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of asparagus in Guatemala totaled less than X kg per ha, leveling off at 2021. 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 asparagus production in Guatemala was estimated at less than X ha, approximately reflecting 2021. In general, the harvested area continues to indicate a relatively flat trend pattern.

Asparagus Exports

Exports from Guatemala

In 2022, the amount of asparagus exported from Guatemala expanded significantly to X tons, picking up by 6.9% compared with 2021. In general, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2016 when exports increased by 158%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, asparagus exports soared to $X in 2022. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 289% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and the UK (X tons) were the main destinations of asparagus exports from Guatemala, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +39.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for asparagus exported from Guatemala were Honduras ($X), El Salvador ($X) and Nicaragua ($X), together accounting for 86% of total exports. The UK and the United States lagged somewhat behind, together comprising a further 14%.

The UK, with a CAGR of +47.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average asparagus export price amounted to $X per ton, growing by 15% against the previous year. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 126%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Guatemala

Asparagus imports into Guatemala fell significantly to X tons in 2022, which is down by -19.7% on the previous year. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 235%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, asparagus imports contracted notably to $X in 2022. In general, imports saw a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 275% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) was the main supplier of asparagus to Guatemala, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at -5.9%.

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

From 2012 to 2022, the average annual growth rate of value from Peru amounted to -2.9%.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 when the average import price increased by 13%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +3.1% per year.

Source: IndexBox Platform