Guatemala: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Guatemala

The Guatemalan wine of fresh grapes market soared to $X in 2022, rising by 23% 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). Over the period under review, consumption saw a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Guatemala

In 2022, the amount of wine of fresh grapes (except sparkling wine) exported from Guatemala dropped significantly to X litres, declining by -34.9% compared with the previous year's figure. In general, exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2021 with an increase of 124%. As a result, the exports attained the peak of X litres, and then declined dramatically in the following year.

In value terms, wine of fresh grapes exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 106%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

El Salvador (X litres) was the main destination for wine of fresh grapes exports from Guatemala, with a 52% share of total exports. Moreover, wine of fresh grapes exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X litres), threefold. The third position in this ranking was taken by Belize (X litres), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+17.9% per year) and Belize (+22.4% per year).

In value terms, the largest markets for wine of fresh grapes exported from Guatemala were El Salvador ($X), Belize ($X) and Honduras ($X), with a combined 81% share of total exports.

Belize, with a CAGR of +26.4%, saw the highest rates of growth with regard to 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

In 2022, the average wine of fresh grapes export price amounted to $X per litre, growing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The export price peaked at $X per litre in 2019; afterwards, it flattened through to 2022.

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 Belize ($X per litre), while the average price for exports to Costa Rica ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Guatemala

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were imported into Guatemala; picking up by 14% against 2021 figures. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, wine of fresh grapes imports surged to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Chile (X litres) constituted the largest supplier of wine of fresh grapes to Guatemala, with a 50% share of total imports. Moreover, wine of fresh grapes imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X litres), threefold. The third position in this ranking was held by Argentina (X litres), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.9% per year) and Argentina (+7.4% per year).

In value terms, the largest wine of fresh grapes suppliers to Guatemala were Chile ($X), Spain ($X) and the United States ($X), together accounting for 71% of total imports. Argentina, Italy, France, Portugal and Germany lagged somewhat behind, together comprising a further 27%.

Portugal, with a CAGR of +24.2%, recorded 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

In 2022, the average wine of fresh grapes import price amounted to $X per litre, with an increase of 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 7%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform