Guatemala: Cocoa Powder Market 2025

Cocoa Powder Market Size in Guatemala

The Guatemalan cocoa powder market shrank to $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a slight curtailment. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in Guatemala

In value terms, cocoa powder production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2015 when the production volume increased by 51%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Guatemala

In 2022, overseas shipments of cocoa powder (not sweetened) increased by 96% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 130%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cocoa powder exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for cocoa powder exports from Guatemala, with a 56% share of total exports. Moreover, cocoa powder exports to Mexico exceeded the volume sent to the second major destination, El Salvador (X tons), threefold. The third position in this ranking was taken by Honduras (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +316.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+15.5% per year) and Honduras (+16.8% per year).

In value terms, Mexico ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Guatemala, comprising 73% of total exports. The second position in the ranking was held by El Salvador ($X), with an 8.9% share of total exports. It was followed by Honduras, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +487.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+8.6% per year) and Honduras (+10.7% per year).

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, surging by 57% against the previous year. In general, the export price, however, recorded a mild reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to El Salvador ($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 Mexico (+41.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Powder Imports

Imports into Guatemala

After eight years of growth, purchases abroad of cocoa powder (not sweetened) decreased by -4.3% to X tons in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +97.5% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, cocoa powder imports soared to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +81.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Mexico (X tons), Spain (X tons) and the United States (X tons) were the main suppliers of cocoa powder imports to Guatemala, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +18.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to Guatemala were Mexico ($X), Spain ($X) and the United States ($X), together accounting for 72% of total imports. Malaysia, the Netherlands, Peru and Ecuador lagged somewhat behind, together accounting for a further 22%.

Peru, with a CAGR of +13.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, jumping by 25% against the previous year. In general, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and the Netherlands ($X per ton), while the price for Mexico ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform