Guatemala: Blueberry And Cranberry Market 2024

Blueberry And Cranberry Market Size in Guatemala

In 2022, the Guatemalan blueberry and cranberry market increased by 54% to $X, rising for the third consecutive year after three years of decline. In general, consumption saw a resilient expansion. Blueberry and cranberry consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Blueberry And Cranberry Production in Guatemala

In value terms, blueberry and cranberry production shrank modestly to $X in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of blueberries and cranberries in Guatemala was estimated at less than X kg per ha in 2022, remaining constant against 2021 figures. Overall, the yield showed 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 harvested area of blueberries and cranberries in Guatemala amounted to less than X ha, remaining constant against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Blueberry And Cranberry Exports

Exports from Guatemala

In 2022, the amount of blueberries and cranberries exported from Guatemala skyrocketed to X tons, rising by 48% compared with 2021 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 6,963%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, blueberry and cranberry exports soared to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 4,013% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Honduras (X tons) was the main destination for blueberry and cranberry exports from Guatemala, with a 97% share of total exports. It was followed by El Salvador (X tons), with a 2.3% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Honduras totaled +311.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+19.3% per year) and Spain (-47.6% per year).

In value terms, Honduras ($X) remains the key foreign market for blueberries and cranberries exports from Guatemala, comprising 99% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 0.8% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Honduras amounted to +154.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-0.8% per year) and Spain (-41.1% per year).

Export Prices by Country

The average blueberry and cranberry export price stood at $X per ton in 2022, picking up by 39% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.

Blueberry And Cranberry Imports

Imports into Guatemala

In 2022, overseas purchases of blueberries and cranberries increased by 62% to X tons, rising for the third consecutive year after three years of decline. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 605% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, blueberry and cranberry imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 728% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) constituted the largest blueberry and cranberry supplier to Guatemala, accounting for a 66% share of total imports. Moreover, blueberry and cranberry imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +119.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+121.2% per year) and the United States (+9.0% per year).

In value terms, Mexico ($X) constituted the largest supplier of blueberries and cranberries to Guatemala, comprising 70% of total imports. The second position in the ranking was held by Peru ($X), with a 22% share of total imports. It was followed by the United States, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +155.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+120.7% per year) and the United States (+13.1% per year).

Import Prices by Country

In 2022, the average blueberry and cranberry import price amounted to $X per ton, surging by 51% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2019 when the average import price increased by 63%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform