Guatemala: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Guatemala

The Guatemalan pasta and couscous market was estimated at $X in 2022, growing by 2% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Guatemala

In value terms, pasta and couscous production rose to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 36%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from Guatemala

In 2022, the amount of stuffed pasta and couscous exported from Guatemala amounted to X tons, increasing by 6.3% against the year before. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 81% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pasta and couscous exports skyrocketed to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 41%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Honduras (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of pasta and couscous exports from Guatemala, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +106.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta and couscous exported from Guatemala were the United States ($X), Mexico ($X) and Honduras ($X), together accounting for 96% of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of +105.5%, recorded the highest growth rate of 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

In 2022, the average pasta and couscous export price amounted to $X per ton, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a slight slump. The export price peaked at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the average price for exports to Honduras ($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 Mexico (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pasta And Couscous Imports

Imports into Guatemala

In 2022, approx. X tons of stuffed pasta and couscous were imported into Guatemala; surging by 11% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest pasta and couscous supplier to Guatemala, with a 42% share of total imports. Moreover, pasta and couscous imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-7.5% per year) and Italy (+5.8% per year).

In value terms, the United States ($X) constituted the largest supplier of stuffed pasta and couscous to Guatemala, comprising 48% of total imports. The second position in the ranking was taken by Mexico ($X), with a 22% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.7% per year) and Italy (+7.5% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, growing by 16% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +23.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform