Report Update Jan 1, 2025

Guatemala - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in Guatemala

For the third year in a row, the Guatemalan market for crude sunflower-seed and safflower oil recorded decline in sales value, which decreased by -40.9% to $X in 2022. Overall, consumption saw a abrupt slump. Crude sunflower-seed and safflower oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Guatemala

In value terms, crude sunflower-seed and safflower oil production declined notably to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 812% 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.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Guatemala

For the fourth consecutive year, Guatemala recorded growth in overseas shipments of crude sunflower-seed and safflower oil, which increased by 85% to X tons in 2017. Overall, exports, however, showed a dramatic descent. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports reduced modestly to $X in 2017. Over the period under review, exports, however, faced a significant decline. The exports peaked at $X in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

Exports by Country

Belize (X kg) was the main destination for crude sunflower-seed and safflower oil exports from Guatemala, with a 81% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Belize exceeded the volume sent to the second major destination, El Salvador (X kg), fourfold.

From 2012 to 2017, the average annual rate of growth in terms of volume to Belize was relatively modest.

In value terms, the largest markets for crude sunflower-seed and safflower oil exported from Guatemala were El Salvador ($X) and Belize ($X).

Belize, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2017, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, dropping by -48.3% against the previous year. Over the period under review, the export price, however, posted significant growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2017, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Belize totaled $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+70.8%).

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Guatemala

Crude sunflower-seed and safflower oil imports into Guatemala fell remarkably to X tons in 2022, with a decrease of -45.9% on 2021. Overall, imports showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil imports shrank sharply to $X in 2022. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) was the main crude sunflower-seed and safflower oil supplier to Guatemala, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to -17.7%.

In value terms, Argentina ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at -16.6%.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, rising by 15% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil import price increased by +74.1% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 41%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +1.4% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024