Guatemala: Dried Grapes Market 2024

Dried Grapes Market Size in Guatemala

The Guatemalan dried grapes market totaled $X in 2022, picking up by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated moderate 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, consumption increased by +11.4% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Dried Grapes Exports

Exports from Guatemala

In 2022, overseas shipments of dried grapes were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dried grapes exports skyrocketed to $X in 2022. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 153%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Panama (X tons) were the main destinations of dried grapes exports from Guatemala, with a combined 88% share of total exports. Nicaragua and Costa Rica lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +106.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried grapes exported from Guatemala were El Salvador ($X), Honduras ($X) and Panama ($X), together comprising 86% of total exports. Nicaragua and Costa Rica lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +111.7%, recorded 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

The average dried grapes export price stood at $X per ton in 2022, shrinking by -5.3% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Panama ($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 Nicaragua (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Grapes Imports

Imports into Guatemala

In 2022, imports of dried grapes into Guatemala amounted to X tons, therefore, remained relatively stable against 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +63.0% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, dried grapes imports rose markedly to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value 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, imports increased by +16.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Chile (X tons), Argentina (X tons) and Mexico (X tons) were the main suppliers of dried grapes imports to Guatemala, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dried grapes suppliers to Guatemala were Chile ($X), Argentina ($X) and the United States ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +35.8%, saw the highest growth rate of the value of imports, 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 dried grapes import price amounted to $X per ton, growing by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform