Guatemala: Orange Market 2024

Orange Market Size in Guatemala

The Guatemalan orange market shrank slightly to $X in 2022, which is down by -3.7% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Orange Production in Guatemala

In value terms, orange production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 688%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of oranges in Guatemala contracted slightly to X tons per ha, approximately equating the previous year's figure. The yield figure increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the yield increased by 18% against the previous year. Over the period under review, the average orange yield hit record highs 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, approx. X ha of oranges were harvested in Guatemala; remaining constant against the previous year's figure. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 5.9%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the orange harvested area remained at a lower figure.

Orange Exports

Exports from Guatemala

In 2022, approx. X tons of oranges were exported from Guatemala; jumping by 172% compared with the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 4,049% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, orange exports surged to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,411%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Honduras (X tons) was the main destination for orange exports from Guatemala, accounting for a 99.9% share of total exports. It was followed by El Salvador (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +451.8%.

In value terms, Honduras ($X) remains the key foreign market for oranges exports from Guatemala, comprising 99.9% of total exports. The second position in the ranking was held by El Salvador ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras amounted to +467.9%.

Export Prices by Country

The average orange export price stood at $X per ton in 2022, declining by -10.7% against the previous year. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 El Salvador ($X per ton), while the average price for exports to Honduras amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+73.3%), while the prices for the other major destinations experienced mixed trend patterns.

Orange Imports

Imports into Guatemala

After three years of growth, purchases abroad of oranges decreased by -30.5% to X tons in 2022. Overall, imports recorded a mild downturn. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, orange imports contracted rapidly to $X in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Honduras (X tons) was the main supplier of orange to Guatemala, with a 96% share of total imports. It was followed by Chile (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Honduras amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+36.8% per year) and the United States (+1.7% per year).

In value terms, the largest orange suppliers to Guatemala were the United States ($X), Honduras ($X) and Chile ($X), with a combined 88% share of total imports.

Chile, with a CAGR of +38.9%, saw the highest growth rate of 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 orange import price amounted to $X per ton, rising by 7.8% against the previous year. In general, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2014 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform