Guatemala: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Guatemala

The Guatemalan wheat and meslin flour market rose modestly to $X in 2022, increasing by 3.9% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wheat and Meslin Flour in Guatemala

In value terms, wheat and meslin flour production rose to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 24%. Wheat and meslin flour production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Guatemala

Wheat and meslin flour exports from Guatemala surged to X tons in 2022, growing by 18% compared with the previous year. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wheat and meslin flour exports skyrocketed to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 58%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of wheat and meslin flour exports from Guatemala, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +19.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Nicaragua ($X) appeared to be the largest markets for wheat and meslin flour exported from Guatemala worldwide, together accounting for 99% of total exports.

Nicaragua, with a CAGR of +18.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, growing by 19% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +52.1% against 2017 indices. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 Costa Rica ($X per ton), while the average price for exports to El Salvador ($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 El Salvador (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wheat and Meslin Flour

Imports into Guatemala

In 2022, wheat and meslin flour imports into Guatemala fell to X tons, which is down by -6.6% compared with the year before. The total import volume increased at an average annual rate of +1.4% over the period 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 2013 when imports increased by 18%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports surged to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Honduras (X tons) and El Salvador (X tons) were the main suppliers of wheat and meslin flour imports to Guatemala, together comprising 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +101.8%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($X), Honduras ($X) and El Salvador ($X) appeared to be the largest wheat and meslin flour suppliers to Guatemala, together accounting for 99.9% of total imports.

Honduras, with a CAGR of +108.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, increasing by 39% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price increased by +57.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was El Salvador ($X per ton), while the price for Mexico ($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 (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform