Guatemala: Chili And Pepper Market 2024

Chili And Pepper Market Size in Guatemala

After two years of growth, the Guatemalan chili and pepper market decreased by X% to $X in 2023. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Chili And Pepper Production in Guatemala

In value terms, chili and pepper production dropped to $X in 2023 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Chili and pepper production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

In 2023, the average yield of chilies and peppers (green) in Guatemala dropped to X tons per ha, approximately mirroring 2022 figures. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the average chili and pepper yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of chilies and peppers (green) production in Guatemala reached X ha, almost unchanged from 2022. Overall, the total harvested area indicated a tangible expansion from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper harvested area decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. The chili and pepper harvested area peaked at X ha in 2021; afterwards, it flattened through to 2023.

Chili And Pepper Exports

Exports from Guatemala

After three years of growth, shipments abroad of chilies and peppers (green) decreased by X% to X tons in 2023. Overall, total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, chili and pepper exports rose rapidly to $X in 2023. In general, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for chili and pepper exports from Guatemala, with a X% share of total exports. Moreover, chili and pepper exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), fourfold.

From 2012 to 2023, the average annual growth rate of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and the United States (X% per year).

In value terms, the United States ($X), El Salvador ($X) and Honduras ($X) appeared to be the largest markets for chili and pepper exported from Guatemala worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price posted a slight increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, 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 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chili And Pepper Imports

Imports into Guatemala

In 2023, the amount of chilies and peppers (green) imported into Guatemala dropped rapidly to X tons, waning by X% on the previous year's figure. In general, imports, however, recorded a mild increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted significantly in the following year.

In value terms, chili and pepper imports fell remarkably to $X in 2023. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Honduras (X tons) constituted the largest supplier of chili and pepper to Guatemala, with a X% share of total imports. Moreover, chili and pepper imports from Honduras exceeded the figures recorded by the second-largest supplier, El Salvador (X tons), twofold. The United States (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Honduras stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: El Salvador (X% per year) and the United States (X% per year).

In value terms, El Salvador ($X) constituted the largest supplier of chilies and peppers (green) to Guatemala, comprising X% of total imports. The second position in the ranking was held by Honduras ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from El Salvador amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform