Guatemala: Sunflower Seed Market 2025

Sunflower Seed Market Size in Guatemala

The Guatemalan sunflower seed market reached $X in 2022, surging by 7.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant increase 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, consumption increased by +99.7% against 2017 indices. Sunflower seed consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Exports

Exports from Guatemala

In 2022, the amount of sunflower seed exported from Guatemala declined rapidly to X tons, which is down by -34.9% against 2021 figures. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 83% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Panama (X kg) were the main destinations of sunflower seed exports from Guatemala.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of -18.1%), while shipments for the other leaders experienced a decline.

In value terms, El Salvador ($X), Honduras ($X) and Panama ($X) appeared to be the largest markets for sunflower seed exported from Guatemala worldwide.

Among the main countries of destination, El Salvador, with a CAGR of -10.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, increasing by 92% against the previous year. Over the period under review, the export price continues to indicate strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 107%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Honduras ($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 El Salvador (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into Guatemala

In 2022, sunflower seed imports into Guatemala expanded significantly to X tons, increasing by 8.8% compared with 2021 figures. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 31%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower seed imports rose markedly to $X in 2022. Overall, imports continue to indicate temperate growth. The pace of growth was the most pronounced in 2013 with an increase of 53% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main supplier of sunflower seed to Guatemala, with a 93% share of total imports. Moreover, sunflower seed imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+3.3% per year) and the United States (+11.2% per year).

In value terms, Argentina ($X) constituted the largest supplier of sunflower seed to Guatemala, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2.9% per year) and the United States (+13.0% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, shrinking by -3% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed import price increased by +51.1% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 29%. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform