Guatemala: Meat Dishes Market 2024

Meat Dishes Market Size in Guatemala

The Guatemalan meat dishes market expanded to $X in 2022, with an increase of 4.2% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Meat dishes consumption peaked in 2022 and is likely to see gradual growth in years to come.

Meat Dishes Production in Guatemala

In value terms, meat dishes production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Meat dishes production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from Guatemala

In 2022, the amount of meat dishes exported from Guatemala reduced to X tons, waning by -6.4% against the previous year. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat dishes exports reached $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +20.2% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 21%. 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) was the main destination for meat dishes exports from Guatemala, accounting for a 58% share of total exports. Moreover, meat dishes exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was taken by Nicaragua (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+3.6% per year) and Nicaragua (+2.3% per year).

In value terms, El Salvador ($X) remains the key foreign market for meat dishes exports from Guatemala, comprising 56% of total exports. The second position in the ranking was taken by Honduras ($X), with a 22% share of total exports. It was followed by Nicaragua, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+6.3% per year) and Nicaragua (+7.9% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Nicaragua ($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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Guatemala

In 2022, imports of meat dishes into Guatemala reached X tons, increasing by 6.9% against 2021 figures. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, meat dishes imports surged to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +111.1% against 2012 indices. 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 meat dishes supplier to Guatemala, accounting for a 65% share of total imports. Moreover, meat dishes imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Costa Rica (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.0% per year) and Costa Rica (-9.0% per year).

In value terms, the United States ($X) constituted the largest supplier of meat dishes to Guatemala, comprising 75% of total imports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total imports. It was followed by El Salvador, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.0% per year) and El Salvador (-15.9% per year).

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. 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 Mexico (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform