Guatemala: Green Bean Market 2025

Green Bean Market Size in Guatemala

The Guatemalan green bean market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption posted significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Green Bean Production in Guatemala

In value terms, green bean production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 32%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of green beans in Guatemala dropped to X tons per ha in 2022, remaining relatively unchanged against 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by 3.9%. Over the period under review, the average green bean yield hit record highs at X tons per ha in 2021, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the green bean harvested area in Guatemala fell slightly to X ha, which is down by -3.1% on the previous year. Overall, the total harvested area indicated prominent growth from 2012 to 2022: its figure increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green bean harvested area increased by +131.9% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 24% against the previous year. Over the period under review, the harvested area dedicated to green bean production attained the maximum at X ha in 2021, and then fell slightly in the following year.

Green Bean Exports

Exports from Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of green beans, when their volume decreased by -11.6% to X tons. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, green bean exports shrank modestly to $X in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for green bean exports from Guatemala, accounting for a 84% share of total exports. Moreover, green bean exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), eightfold. Honduras (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+5.5% per year) and Honduras (+42.3% per year).

In value terms, the United States ($X) remains the key foreign market for green beans exports from Guatemala, comprising 96% of total exports. The second position in the ranking was held by El Salvador ($X), with a 1.4% share of total exports. It was followed by the UK, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+12.3% per year) and the UK (-5.0% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green bean export price increased by +12.2% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Honduras ($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 El Salvador (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Guatemala

In 2022, approx. X tons of green beans were imported into Guatemala; with an increase of 8,406% on the year before. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 10,241% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, green bean imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of green bean to Guatemala, with a 59% share of total imports. Moreover, green bean imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Honduras (X tons), with a 9.6% share.

From 2013 to 2022, the average annual growth rate of volume from the United States amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.9% per year) and Honduras (-31.0% per year).

In value terms, the largest green bean suppliers to Guatemala were Japan ($X), the United States ($X) and Honduras ($X), with a combined 53% share of total imports. Mexico, China, South Korea and Argentina lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Mexico, with a CAGR of +116.0%, recorded the highest rates of growth with regard to 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 green bean import price amounted to $X per ton, increasing by 294% against the previous year. In general, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform