Guatemala: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Guatemala

After two years of growth, the Guatemalan temporarily preserved vegetable market decreased by -27.6% to $X in 2022. Overall, consumption saw a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Temporarily Preserved Vegetable Production in Guatemala

In value terms, temporarily preserved vegetable production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the immediate term.

Temporarily Preserved Vegetable Exports

Exports from Guatemala

Temporarily preserved vegetable exports from Guatemala soared to X tons in 2022, growing by 247% compared with 2021. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,143% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, temporarily preserved vegetable exports soared to $X in 2022. Over the period under review, exports showed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 925% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for temporarily preserved vegetable exports from Guatemala, with a 96% share of total exports. Moreover, temporarily preserved vegetable exports to Honduras exceeded the volume sent to the second major destination, Nicaragua (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Honduras amounted to +37.1%.

In value terms, Honduras ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Guatemala, comprising 93% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +39.1%.

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, with a decrease of -13.7% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Nicaragua ($X per ton), while the average price for exports to Honduras stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+47.9%), while the prices for the other major destinations experienced mixed trend patterns.

Temporarily Preserved Vegetable Imports

Imports into Guatemala

In 2022, the amount of vegetables (temporarily preserved) imported into Guatemala soared to X tons, with an increase of 16% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 86%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports soared to $X in 2022. Overall, imports, however, recorded a perceptible downturn. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Morocco (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of temporarily preserved vegetable imports to Guatemala, together accounting for 87% of total imports. Honduras, Peru and the United States lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +439.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable suppliers to Guatemala were Morocco ($X), Spain ($X) and Honduras ($X), with a combined 85% share of total imports.

Honduras, with a CAGR of +644.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 65%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform