Guatemala: Market for Flaked or Rolled Cereals 2025

Market Size for Flaked or Rolled Cereals in Guatemala

The Guatemalan flaked or rolled cereal market shrank remarkably to $X in 2022, reducing by -18.4% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Flaked or rolled cereal consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Production of Flaked or Rolled Cereals in Guatemala

In value terms, flaked or rolled cereal production fell significantly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 70%. Flaked or rolled cereal production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Guatemala

For the third year in a row, Guatemala recorded growth in shipments abroad of flaked or rolled cereals, which increased by 95% to X tons in 2022. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flaked or rolled cereal exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X tons) was the main destination for flaked or rolled cereal exports from Guatemala, accounting for a 54% share of total exports. Moreover, flaked or rolled cereal exports to Honduras exceeded the volume sent to the second major destination, Costa Rica (X tons), fourfold. El Salvador (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+11.2% per year) and El Salvador (+9.0% per year).

In value terms, Honduras ($X) remains the key foreign market for flaked or rolled cereals exports from Guatemala, comprising 44% of total exports. The second position in the ranking was taken by El Salvador ($X), with an 18% share of total exports. It was followed by Costa Rica, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+10.1% per year) and Costa Rica (+14.2% per year).

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, waning by -14.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Dominican Republic (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into Guatemala

In 2022, after two years of growth, there was significant decline in purchases abroad of flaked or rolled cereals, when their volume decreased by -38.4% to X tons. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 134%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, flaked or rolled cereal imports surged to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 169%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of flaked or rolled cereal to Guatemala, accounting for a 87% share of total imports. Moreover, flaked or rolled cereal imports from Chile exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The third position in this ranking was held by Costa Rica (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.0% per year) and Costa Rica (+50.7% per year).

In value terms, Chile ($X) constituted the largest supplier of flaked or rolled cereals to Guatemala, comprising 84% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 7.3% share of total imports. It was followed by Canada, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Chile stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+48.1% per year) and Canada (+6.4% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, jumping by 90% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Costa Rica ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform