Guatemala: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Guatemala

The Guatemalan frozen fruits and vegetables market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a slight contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Fruits And Vegetables in Guatemala

In value terms, frozen fruits and vegetables production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Fruits And Vegetables

Exports from Guatemala

After two years of growth, shipments abroad of frozen fruits and vegetables decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, frozen fruits and vegetables exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for frozen fruits and vegetables exports from Guatemala, with a X% share of total exports. Moreover, frozen fruits and vegetables exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fruits and vegetables exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average frozen fruits and vegetables export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fruits And Vegetables

Imports into Guatemala

Frozen fruits and vegetables imports into Guatemala surged to X tons in 2022, growing by X% against 2021 figures. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, frozen fruits and vegetables imports surged to $X in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen fruits and vegetables to Guatemala, accounting for a X% share of total imports. Moreover, frozen fruits and vegetables imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen fruits and vegetables to Guatemala, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Egypt (X% per year).

Import Prices by Country

The average frozen fruits and vegetables import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Egypt ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform