Guatemala: Root And Tuber Market 2024

Root And Tuber Market Size in Guatemala

The Guatemalan root and tuber market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated temperate 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 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Root And Tuber Production in Guatemala

In value terms, root and tuber production amounted to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Root and tuber production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of roots and tubers in Guatemala dropped modestly to X tons per ha, approximately equating the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average root and tuber yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Guatemala dropped to X ha in 2022, therefore, remained relatively stable against 2021. Overall, the harvested area, however, recorded modest growth. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. The root and tuber harvested area peaked at X ha in 2021, and then shrank in the following year.

Root And Tuber Exports

Exports from Guatemala

In 2022, the amount of roots and tubers exported from Guatemala contracted notably to X tons, with a decrease of X% compared with the previous year. Over the period under review, exports recorded a mild descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports shrank rapidly to $X in 2022. In general, exports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

El Salvador (X tons) was the main destination for root and tuber exports from Guatemala, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to El Salvador totaled X%.

In value terms, El Salvador ($X) also remains the key foreign market for roots and tubers exports from Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to X%.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to X% per year.

Root And Tuber Imports

Imports into Guatemala

In 2022, after two years of decline, there was significant growth in supplies from abroad of roots and tubers, when their volume increased by X% to X tons. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, root and tuber imports skyrocketed to $X in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of root and tuber to Guatemala, accounting for a X% share of total imports. Moreover, root and tuber imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Chile (X% per year).

In value terms, the United States ($X) constituted the largest supplier of roots and tubers to Guatemala, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform