Guatemala: Grain Market 2024

Grain Market Size in Guatemala

For the fourth year in a row, the Guatemalan grain market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw strong growth. Grain consumption peaked in 2022 and is likely to see gradual growth in the near future.

Grain Production in Guatemala

In value terms, grain production totaled $X in 2022 estimated in export price. Overall, production saw tangible growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of cereal grains in Guatemala dropped to X tons per ha, standing approx. at the year before. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the average grain yield hit record highs at X tons per ha in 2021, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Guatemala reached X ha, standing approx. at the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Guatemala

In 2022, shipments abroad of cereal grains increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, grain exports surged to $X in 2022. Over the period under review, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), El Salvador (X tons) and Honduras (X tons) were the main destinations of grain exports from Guatemala, together accounting for X% 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 Netherlands (with a CAGR of X.7%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) emerged as the key foreign market for cereal grains exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 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 Netherlands stood at X.2%. 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

The average grain export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to El Salvador ($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 Belize (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grain Imports

Imports into Guatemala

Grain imports into Guatemala skyrocketed to X tons in 2022, jumping by X% on 2021 figures. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, grain imports surged to $X in 2022. Overall, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest grain supplier to Guatemala, accounting for a X% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Canada (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cereal grains to Guatemala, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Canada (X% per year).

Import Prices by Country

The average grain import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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