Guatemala: Vegetable Market 2024

Vegetable Market Size in Guatemala

The Guatemalan vegetable market totaled $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vegetable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vegetable Production in Guatemala

In value terms, vegetable production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

In 2022, the average vegetable yield in Guatemala reached X tons per ha, approximately reflecting 2021 figures. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average vegetable yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of vegetables in Guatemala contracted slightly to X ha, therefore, remained relatively stable against 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The vegetable harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Vegetable Exports

Exports from Guatemala

In 2022, vegetable exports from Guatemala dropped to X tons, approximately equating the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, vegetable exports contracted slightly to $X in 2022. Over the period under review, total exports indicated a prominent 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 2014 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

El Salvador (X tons) was the main destination for vegetable exports from Guatemala, accounting for a X% share of total exports. Moreover, vegetable exports to El Salvador exceeded the volume sent to the second major destination, the United States (X tons), threefold. Honduras (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with an X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Guatemala

In 2022, purchases abroad of vegetables increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, vegetable imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of vegetable imports to Guatemala, together accounting for X% of total imports. Canada, Honduras, China, Nicaragua and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest vegetable suppliers to Guatemala were the United States ($X), the Netherlands ($X) and China ($X), together comprising X% of total imports. Mexico, Canada, Honduras, Nicaragua and Belgium lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average vegetable import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Belgium ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform