Guatemala: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Guatemala

For the fourth consecutive year, the Guatemalan frozen vegetable market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, showed a noticeable slump. Frozen vegetable consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Frozen Vegetable Production in Guatemala

In value terms, frozen vegetable production stood at $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Frozen Vegetable Exports

Exports from Guatemala

In 2022, the amount of frozen vegetables exported from Guatemala dropped to X tons, declining by X% on 2021 figures. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, frozen vegetable exports amounted to $X in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for frozen vegetable exports from Guatemala, accounting for a X% share of total exports. Moreover, frozen vegetable exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. Nicaragua (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average frozen vegetable 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 mild contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Japan ($X per ton), while the average price for exports to the United States ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Guatemala

For the eleventh consecutive year, Guatemala recorded growth in supplies from abroad of frozen vegetables, which increased by X% to X tons in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen vegetable imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest frozen vegetable supplier to Guatemala, accounting for a X% share of total imports. Moreover, frozen vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled 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 ($X) constituted the largest supplier of frozen vegetables to Guatemala, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value 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).

Import Prices by Country

The average frozen vegetable import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, 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.

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 Canada ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform