Guatemala: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Guatemala

In 2022, the Guatemalan homogenised jam and marmalade market increased by 8.5% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Guatemala

In value terms, homogenised jam and marmalade production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Guatemala

In 2022, approx. X tons of homogenised preparations of jams, fruit jellies and marmalades were exported from Guatemala; increasing by 39% on the year before. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 126%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, homogenised jam and marmalade exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 160%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

El Salvador (X tons), Honduras (X tons) and the Dominican Republic (X tons) were the main destinations of homogenised jam and marmalade exports from Guatemala, together accounting for 93% of total exports. These countries were followed by Nicaragua, which accounted for a further 7.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for homogenised jam and marmalade exported from Guatemala were Honduras ($X), El Salvador ($X) and the Dominican Republic ($X), together comprising 90% of total exports. These countries were followed by Nicaragua, which accounted for a further 9.6%.

In terms of the main countries of destination, Nicaragua, with a CAGR of +29.9%, saw the highest rates of growth with regard to 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

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, with an increase of 7.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to El Salvador ($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 (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Guatemala

After two years of growth, supplies from abroad of homogenised preparations of jams, fruit jellies and marmalades decreased by -0.1% to X tons in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.2% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade imports surged to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +19.2% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 54%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Costa Rica (X tons), Mexico (X tons) and Chile (X tons) were the main suppliers of homogenised jam and marmalade imports to Guatemala, with a combined 99% 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 Mexico (with a CAGR of +92.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest homogenised jam and marmalade suppliers to Guatemala were Costa Rica ($X), Mexico ($X) and Chile ($X), with a combined 98% share of total imports.

Mexico, with a CAGR of +80.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 homogenised jam and marmalade import price amounted to $X per ton, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. 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 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 the United States (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform