Guatemala: Pesticide Market 2024

Pesticide Market Size in Guatemala

The Guatemalan pesticide market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pesticide Production in Guatemala

In value terms, pesticide production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Pesticide production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pesticide Exports

Exports from Guatemala

In 2022, shipments abroad of pesticides increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, pesticide exports rose remarkably to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X tons), Nicaragua (X tons) and Honduras (X tons) were the main destinations of pesticide exports from Guatemala, with a combined X% share of total exports. Costa Rica, Panama, the Dominican Republic and Colombia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Nicaragua ($X) and Honduras ($X) were the largest markets for pesticide exported from Guatemala worldwide, together comprising X% of total exports. El Salvador, Panama, Colombia and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pesticide export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

Pesticide Imports

Imports into Guatemala

In 2022, approx. X tons of pesticides were imported into Guatemala; waning by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pesticide imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Mexico (X tons) and Costa Rica (X tons) were the main suppliers of pesticide imports to Guatemala, together comprising X% of total imports. India, the United States, Colombia, El Salvador, Israel, Germany, Belgium and Spain lagged somewhat behind, together comprising a further X%.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Colombia ($X) appeared to be the largest pesticide suppliers to Guatemala, with a combined X% share of total imports. Mexico, India, Costa Rica, Germany, Spain, Israel, Belgium and El Salvador lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pesticide import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 Germany ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform