Guatemala: Market for Frozen, Dried And Smoked Fish 2025

Market Size for Frozen, Dried And Smoked Fish in Guatemala

In 2022, the Guatemalan market for frozen, dried and smoked fish increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a resilient expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Guatemala

In value terms, frozen, dried and smoked fish production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports from Guatemala

In 2022, exports of frozen, dried and smoked fish from Guatemala skyrocketed to X tons, rising by X% compared with the year before. The total export 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen, dried and smoked fish exports soared to $X in 2022. In general, total exports indicated a buoyant increase 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Spain (X tons) and Ecuador (X tons) were the main destinations of frozen, dried and smoked fish exports from Guatemala, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for frozen, dried and smoked fish exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 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 France ($X per ton), while the average price for exports to Ecuador ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Guatemala

For the third consecutive year, Guatemala recorded growth in purchases abroad of frozen, dried and smoked fish, which increased by X% to X tons in 2022. Overall, imports saw strong growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen, dried and smoked fish imports skyrocketed to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ecuador (X tons), Seychelles (X tons) and Spain (X tons) were the main suppliers of frozen, dried and smoked fish imports to Guatemala, with a combined X% share of total imports.

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

In value terms, Ecuador ($X) constituted the largest supplier of frozen, dried and smoked fish to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Nicaragua ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Spain (X% per year).

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nicaragua ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform