Guatemala: Market for Non-Citrus Fruits Not Elsewhere Classified 2024

Market Size for Non-Citrus Fruits Not Elsewhere Classified in Guatemala

The Guatemalan market for non-citrus fruits not elsewhere classified reduced slightly to $X in 2022, shrinking by -2.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Non-Citrus Fruits Not Elsewhere Classified in Guatemala

In value terms, non-citrus fruits not elsewhere classified production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports from Guatemala

In 2022, after two years of growth, there was decline in overseas shipments of non-citrus fruits not elsewhere classified, when their volume decreased by -4% to X tons. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 102%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, non-citrus fruits not elsewhere classified exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 37%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

El Salvador (X tons), the United States (X tons) and Honduras (X tons) were the main destinations of non-citrus fruits not elsewhere classified 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 +27.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-citrus fruits not elsewhere classified exports from Guatemala, comprising 75% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+22.2% per year) and Honduras (+28.5% per year).

Export Prices by Country

In 2022, the average export price for non-citrus fruits not elsewhere classified amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 El Salvador (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports into Guatemala

In 2022, approx. X tons of non-citrus fruits not elsewhere classified were imported into Guatemala; with an increase of 14% on 2021. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 88%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-citrus fruits not elsewhere classified imports soared to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Nicaragua (X tons), Honduras (X tons) and Mexico (X tons) were the main suppliers of non-citrus fruits not elsewhere classified imports to Guatemala, with a combined 98% 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 Honduras (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of non-citrus fruits not elsewhere classified to Guatemala, comprising 70% of total imports. The second position in the ranking was taken by Nicaragua ($X), with an 18% share of total imports. It was followed by Honduras, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+6.1% per year) and Honduras (+62.3% per year).

Import Prices by Country

The average import price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, surging by 30% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-citrus fruits not elsewhere classified import price increased by +57.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 75%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Mexico ($X per ton), while the price for Honduras ($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 (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform