Guatemala: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Guatemala

The Guatemalan spirits and liqueurs market reduced to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Spirits And Liqueurs Production in Guatemala

In value terms, spirits and liqueurs production declined to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Guatemala

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Guatemala; rising by X% on 2021 figures. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs exports surged to $X in 2022. In general, total exports indicated a resilient 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 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X litres), Canada (X litres) and Mexico (X litres) were the main destinations of spirits and liqueurs exports from Guatemala, with a combined X% share of total exports. The United States, Honduras, the UK, Germany, the Netherlands, South Africa, Spain, Italy, Nicaragua and Costa Rica lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spirits and liqueurs exported from Guatemala were the United States ($X), El Salvador ($X) and Germany ($X), with a combined X% share of total exports. The UK, Mexico, Italy, Honduras, Canada, the Netherlands, Spain, South Africa, Costa Rica and Nicaragua lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Canada ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Guatemala

In 2022, imports of spirits, liqueurs and other spirituous beverages into Guatemala skyrocketed to X litres, picking up by X% compared with the previous year. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X litres), the UK (X litres) and France (X litres) were the main suppliers of spirits and liqueurs imports to Guatemala, with a combined X% share of total imports. Costa Rica, the United States, South Korea, Germany, Sweden and Panama lagged somewhat behind, together accounting for a further X%.

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

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Guatemala, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Panama ($X per litre), while the price for South Korea ($X per litre) 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 more modest paces of growth.

Source: IndexBox Platform