Guatemala: Chili And Pepper Market 2025

Chili And Pepper Market Size in Guatemala

The Guatemalan chili and pepper market contracted slightly to $X in 2022, declining by -3% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Chili And Pepper Production in Guatemala

In value terms, chili and pepper production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 36% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of chilies and peppers (green) in Guatemala rose slightly to X tons per ha in 2022, with an increase of 1.7% against 2021 figures. Over the period under review, the yield recorded a modest increase. The growth pace was the most rapid in 2015 when the yield increased by 4.9%. The chili and pepper yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chilies and peppers (green) were harvested in Guatemala; waning by -1.8% against the previous year's figure. The harvested area increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 17%. The chili and pepper harvested area peaked at X ha in 2021, and then dropped modestly in the following year.

Chili And Pepper Exports

Exports from Guatemala

In 2022, approx. X tons of chilies and peppers (green) were exported from Guatemala; surging by 1.9% on 2021. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, chili and pepper exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of 50% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

El Salvador (X tons) was the main destination for chili and pepper exports from Guatemala, accounting for a 81% share of total exports. Moreover, chili and pepper exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+9.6% per year) and the United States (-2.9% per year).

In value terms, the United States ($X), El Salvador ($X) and Honduras ($X) constituted the largest markets for chili and pepper exported from Guatemala worldwide, together accounting for 100% of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of +13.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, dropping by -29.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 34%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Guatemala

In 2022, chili and pepper imports into Guatemala skyrocketed to X tons, with an increase of 273% compared with the previous year. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 391% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, chili and pepper imports skyrocketed to $X in 2022. In general, imports showed strong growth. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Honduras (X tons), Mexico (X tons) and Peru (X tons) were the main suppliers of chili and pepper imports to Guatemala.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +87.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest chili and pepper suppliers to Guatemala were Mexico ($X), Honduras ($X) and Peru ($X).

In terms of the main suppliers, Mexico, with a CAGR of +74.3%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, increasing by 75% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 297% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform