Guatemala: Market for Butter And Dairy Spreads 2025

Market Size for Butter And Dairy Spreads in Guatemala

For the third year in a row, the Guatemalan butter and dairy spreads market recorded growth in sales value, which increased by 25% to $X in 2022. Overall, the total consumption indicated a buoyant expansion 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, consumption increased by +55.9% against 2019 indices. Butter and dairy spreads consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Butter And Dairy Spreads

Exports from Guatemala

In 2022, overseas shipments of butter and dairy spreads increased by 168% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,145%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, butter and dairy spreads exports soared to $X in 2022. Over the period under review, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 848% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

El Salvador (X kg) and the United States (X kg) were the main destinations of butter and dairy spreads exports from Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%).

In value terms, El Salvador ($X) emerged as the key foreign market for butter and dairy spreads exports from Guatemala, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to -14.5%.

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, dropping by -27.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced remarkably in the following year.

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 El Salvador ($X per ton), while the average price for exports to the United States 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Guatemala

In 2022, approx. X tons of butter and dairy spreads were imported into Guatemala; surging by 3.2% on the previous year's figure. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, butter and dairy spreads imports soared to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Costa Rica (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of butter and dairy spreads imports to Guatemala, together accounting for 86% of total imports. France, Denmark, Honduras and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +110.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Costa Rica ($X) and the United States ($X) constituted the largest butter and dairy spreads suppliers to Guatemala, together accounting for 83% of total imports. France, Denmark, Spain and Honduras lagged somewhat behind, together comprising a further 15%.

Denmark, with a CAGR of +183.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price attained 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 Spain ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform