Guatemala: Biological Product Market 2025

Biological Product Market Size in Guatemala

The Guatemalan biological product market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Biological Product Production in Guatemala

In value terms, biological product production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Biological product production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Biological Product Exports

Exports from Guatemala

In 2022, the amount of biological products exported from Guatemala declined notably to X tons, with a decrease of X% compared with the previous year's figure. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, biological product exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of biological product exports from Guatemala, with a combined X% share of total exports.

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

In value terms, Panama ($X), El Salvador ($X) and Honduras ($X) appeared to be the largest markets for biological product exported from Guatemala worldwide, together accounting for X% of total exports.

Panama, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average biological product export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

Biological Product Imports

Imports into Guatemala

In 2022, overseas purchases of biological products increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, biological product imports skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of biological product imports to Guatemala, with a combined X% share of total imports. Argentina, Belgium, India, South Korea, France, Russia, Germany, Spain, Switzerland and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of biological products to Guatemala, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Russia, with an X% share.

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

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X,717 per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform