Guatemala: Manuka Market 2024

Manuka Market Size in Guatemala

In 2022, after two years of growth, there was decline in the Guatemalan manuka market, when its value decreased by -4% to $X. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank slightly in the following year.

Manuka Production in Guatemala

In value terms, manuka production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Manuka Exports

Exports from Guatemala

In 2022, approx. X tons of manuka were exported from Guatemala; picking up by 13% against 2021. Over the period under review, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when exports increased by 31%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, manuka exports soared to $X in 2022. Overall, exports, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 42%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for manuka exports from Guatemala, with a 43% share of total exports. Moreover, manuka exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+11.3% per year) and Costa Rica (+23.0% per year).

In value terms, Germany ($X) remains the key foreign market for manuka exports from Guatemala, comprising 45% of total exports. The second position in the ranking was held by Switzerland ($X), with a 14% share of total exports. It was followed by Costa Rica, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+14.2% per year) and Costa Rica (+27.0% per year).

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, picking up by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United States ($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 Costa Rica (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Guatemala

For the third consecutive year, Guatemala recorded decline in purchases abroad of manuka, which decreased by -15.4% to X kg in 2022. Overall, imports faced a sharp decline. The pace of growth was the most pronounced in 2015 when imports increased by 1,357% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, manuka imports surged to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 2,803% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X kg), the United States (X kg) and Italy (X kg) were the main suppliers of manuka imports to Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +23.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest manuka suppliers to Guatemala were Italy ($X), Spain ($X) and the United States ($X).

Italy, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, picking up by 43% against the previous year. In general, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 293% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform