Guatemala: Mixed Juices Market 2024

Mixed Juices Market Size in Guatemala

The Guatemalan mixed juices market declined modestly to $X in 2022, reducing by -3.9% against the previous year. In general, consumption continues to indicate a mild decline. Mixed juices consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mixed Juices Production in Guatemala

In value terms, mixed juices production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Guatemala

After two years of growth, shipments abroad of mixtures of fruit and vegetable juices decreased by -1.5% to X tons in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports surged to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Dominican Republic (X tons) and Panama (X tons) were the main destinations of mixed juices exports from Guatemala, together comprising 68% of total exports. Nicaragua, El Salvador, Costa Rica and Honduras lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of -2.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for mixed juices exported from Guatemala were the United States ($X), the Dominican Republic ($X) and Panama ($X), with a combined 63% share of total exports. Costa Rica, Nicaragua, Honduras and El Salvador lagged somewhat behind, together comprising a further 36%.

Nicaragua, with a CAGR of -3.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, increasing by 27% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 64%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the United States ($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 El Salvador (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Guatemala

In 2022, approx. X tons of mixtures of fruit and vegetable juices were imported into Guatemala; waning by -22.3% on the year before. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 41% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, mixed juices imports shrank to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and Honduras (X tons) were the main suppliers of mixed juices imports to Guatemala, together comprising 88% of total imports. El Salvador and Spain lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +39.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Guatemala, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Honduras, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.4% per year) and Honduras (+2.4% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, jumping by 22% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices import price increased by +60.9% against 2018 indices. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Spain ($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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform