Guatemala: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Guatemala

In 2022, the Guatemalan lettuce and chicory market increased by 0.2% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lettuce And Chicory Production in Guatemala

In value terms, lettuce and chicory production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of lettuce and chicory in Guatemala fell to X tons per ha, leveling off at the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by 3.3%. The lettuce and chicory yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lettuce and chicory production in Guatemala fell to X ha, leveling off at the year before. The harvested area increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the harvested area increased by 22% against the previous year. The lettuce and chicory harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Lettuce And Chicory Exports

Exports from Guatemala

In 2022, overseas shipments of lettuce and chicory increased by 1% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +38.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, lettuce and chicory exports rose modestly to $X in 2022. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

El Salvador (X tons), Honduras (X tons) and Nicaragua (X tons) were the main destinations of lettuce and chicory exports from Guatemala, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X) remains the key foreign market for lettuce and chicory exports from Guatemala, comprising 66% of total exports. The second position in the ranking was held by Honduras ($X), with an 18% share of total exports. It was followed by Nicaragua, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+19.1% per year) and Nicaragua (+15.1% per year).

Export Prices by Country

The average lettuce and chicory export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

Lettuce And Chicory Imports

Imports into Guatemala

In 2022, purchases abroad of lettuce and chicory increased by 753% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 904%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lettuce and chicory imports surged to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Honduras (X tons) and Mexico (X tons) were the main suppliers of lettuce and chicory imports to Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +361.7%).

In value terms, Honduras ($X) and Mexico ($X) were the largest lettuce and chicory suppliers to Guatemala.

Honduras, with a CAGR of +267.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, with a decrease of -2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 82%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Honduras totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform