Guatemala: Canary Seed Market 2025

Canary Seed Market Size in Guatemala

In 2022, the Guatemalan canary seed market increased by 61% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canary Seed Exports

Exports from Guatemala

In 2022, overseas shipments of canary seed increased by 144% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a slight expansion. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, canary seed exports surged to $X in 2022. In general, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nicaragua (X tons), Panama (X tons) and Honduras (X tons) were the main destinations of canary seed exports from Guatemala, together accounting for 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +23.9%), while the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) remains the key foreign market for canary seed exports from Guatemala, comprising 63% of total exports. The second position in the ranking was taken by Honduras ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+9.8% per year) and Nicaragua (-1.4% per year).

Export Prices by Country

In 2022, the average canary seed export price amounted to $X per ton, dropping by -33.9% against the previous year. Over the period under review, the export price, however, showed pronounced growth. The growth pace was the most rapid in 2019 when the average export price increased by 55%. The export price peaked at $X per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($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 (+3.0%), while the prices for the other major destinations experienced a decline.

Canary Seed Imports

Imports into Guatemala

In 2022, overseas purchases of canary seed increased by 34% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +98.2% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, canary seed imports skyrocketed to $X in 2022. Overall, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest canary seed supplier to Guatemala, with a 84% share of total imports. Moreover, canary seed imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (0.0% per year) and China (0.0% per year).

In value terms, Canada ($X) constituted the largest supplier of canary seed to Guatemala, comprising 84% of total imports. The second position in the ranking was held by Argentina ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (0.0% per year) and China (0.0% per year).

Import Prices by Country

The average canary seed import price stood at $X per ton in 2022, rising by 27% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canary seed import price increased by +88.9% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform