Guatemala: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Guatemala

In 2022, the Guatemalan orange juice (single strength) market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a dramatic contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Orange Juice (Single Strength) in Guatemala

In value terms, orange juice (single strength) production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 494%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Orange Juice (Single Strength)

Exports from Guatemala

For the third year in a row, Guatemala recorded growth in overseas shipments of orange juice (single strength), which increased by 144% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 158%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, orange juice (single strength) exports surged to $X in 2022. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Honduras (X tons) and Nicaragua (X tons) were the main destinations of orange juice (single strength) exports from Guatemala, together comprising 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +1,984.3%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for orange juice (single strength) exports from Guatemala, comprising 73% of total exports. The second position in the ranking was taken by Honduras ($X), with a 15% share of total exports. It was followed by Nicaragua, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2,054.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+2.7% per year) and Nicaragua (+63.4% per year).

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, with an increase of 65% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2013 when the average export price increased by 101% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 El Salvador (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Guatemala

In 2022, purchases abroad of orange juice (single strength) increased by 42% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a perceptible slump. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, orange juice (single strength) imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Mexico (X tons) were the main suppliers of orange juice (single strength) imports to Guatemala.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +66.5%).

In value terms, the United States ($X) constituted the largest supplier of orange juice (single strength) to Guatemala, comprising 67% of total imports. The second position in the ranking was held by Mexico ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +5.5%.

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2022, surging by 66% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange juice (single strength) import price increased by +80.0% against 2020 indices. As a result, import price attained 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 the United States ($X per ton), while the price for Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform