Guatemala: Dairy Produce Market 2024

Dairy Produce Market Size in Guatemala

The Guatemalan dairy produce market rose notably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dairy Produce Production in Guatemala

In value terms, dairy produce production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Dairy Produce Exports

Exports from Guatemala

Dairy produce exports from Guatemala reached X tons in 2022, with an increase of X% against 2021 figures. Overall, exports posted a noticeable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, dairy produce exports skyrocketed to $X in 2022. In general, exports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

El Salvador (X tons) was the main destination for dairy produce exports from Guatemala, with a X% share of total exports. Moreover, dairy produce exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X tons), fivefold. The third position in this ranking was held by Belize (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Belize (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for dairy produce exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Nicaragua ($X), with a X% share of total exports. It was followed by Belize, with a X% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Belize (X% per year).

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Cuba ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Guatemala

In 2022, imports of dairy produce into Guatemala rose notably to X tons, picking up by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, dairy produce imports soared to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Costa Rica (X tons), Honduras (X tons) and the United States (X tons) were the main suppliers of dairy produce imports to Guatemala, together comprising X% of total imports.

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

In value terms, the largest dairy produce suppliers to Guatemala were the United States ($X), New Zealand ($X) and El Salvador ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average dairy produce import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 the United States ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform