Guatemala: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Guatemala

The Guatemalan market for pasta stuffed with meat, fish and cheese expanded significantly to $X in 2022, picking up by 5.1% against the previous year. Overall, consumption showed a resilient expansion. Meat, fish or cheese pasta consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in Guatemala

In value terms, meat, fish or cheese pasta production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Guatemala

Meat, fish or cheese pasta exports from Guatemala dropped to X tons in 2022, with a decrease of -10.2% on 2021 figures. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, meat, fish or cheese pasta exports amounted to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +61.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for meat, fish or cheese pasta exports from Guatemala, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +3.2%.

In value terms, Mexico ($X) also remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Guatemala.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +5.2%.

Export Prices by Country

In 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, jumping by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +1.9% per year.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Guatemala

In 2022, after two years of growth, there was significant decline in purchases abroad of pasta stuffed with meat, fish and cheese, when their volume decreased by -32.4% to X tons. Over the period under review, imports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, meat, fish or cheese pasta imports fell to $X in 2022. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest meat, fish or cheese pasta supplier to Guatemala, accounting for a 64% share of total imports. Moreover, meat, fish or cheese pasta imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. China (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 totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+4.1% per year) and China (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to Guatemala, comprising 80% of total imports. The second position in the ranking was held by Chile ($X), with a 15% share of total imports. It was followed by China, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+3.6% per year) and China (0.0% per year).

Import Prices by Country

In 2022, the average import price for pasta stuffed with meat, fish and cheese amounted to $X per ton, jumping by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. 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 Italy ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform