Report Update Apr 1, 2024

Guatemala - Frozen Cuts of Chicken - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Guatemala

The Guatemalan frozen chicken cut market stood at $X in 2022, surging by 4.4% 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, however, saw a resilient increase. Frozen chicken cut consumption peaked in 2022 and is likely to see gradual growth in the near future.

Frozen Chicken Cut Exports

Exports from Guatemala

In 2022, overseas shipments of frozen cuts of chicken decreased by -0.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 18%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, frozen chicken cut exports soared to $X in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 42%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for frozen chicken cut exports from Guatemala, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to -16.6%.

In value terms, El Salvador ($X) also remains the key foreign market for frozen cuts of chicken exports from Guatemala.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to -14.2%.

Export Prices by Country

In 2022, the average frozen chicken cut export price amounted to $X per ton, increasing by 24% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen chicken cut export price increased by +126.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 83% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for El Salvador.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +13.1% per year.

Frozen Chicken Cut Imports

Imports into Guatemala

In 2022, frozen chicken cut imports into Guatemala dropped modestly to X tons, almost unchanged from 2021 figures. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, frozen chicken cut imports rose significantly to $X in 2022. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. 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, the United States (X tons) was the main frozen chicken cut supplier to Guatemala, with a 98% share of total imports. It was followed by Honduras (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +7.0%.

In value terms, the United States ($X) constituted the largest supplier of frozen cuts of chicken to Guatemala, comprising 98% of total imports. The second position in the ranking was taken by Honduras ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +12.4%.

Import Prices by Country

In 2022, the average frozen chicken cut import price amounted to $X per ton, surging by 5.9% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen chicken cut import price increased by +62.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Honduras amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+8.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of chicken in the world?

The country with the largest volume of frozen chicken cut consumption was China, accounting for 20% of total volume. Moreover, frozen chicken cut consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Indonesia ranked third in terms of total consumption with a 3.3% share.

What are the largest producers of frozen cuts of chicken in the world?

The countries with the highest volumes of production in 2022 were the United States, Brazil and China, with a combined 48% share of global production. India, Russia, Poland, Indonesia, Thailand, the Netherlands, Iran and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of frozen cuts of chicken to Guatemala?

In value terms, the United States constituted the largest supplier of frozen cuts of chicken to Guatemala, comprising 98% of total imports. The second position in the ranking was taken by Honduras, with a 1.7% share of total imports.

What are the leading importers of frozen cuts of chicken from Guatemala?

In value terms, El Salvador remains the key foreign market for frozen cuts of chicken exports from Guatemala.

What is the average export price for frozen cuts of chicken in Guatemala?

In 2022, the average frozen chicken cut export price amounted to $2,279 per ton, increasing by 24% against the previous year.

What is the average import price for frozen cuts of chicken in Guatemala?

The average frozen chicken cut import price stood at $1,280 per ton in 2022, picking up by 5.9% against the previous year.

This report provides an in-depth analysis of the frozen chicken cut market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122053 - Frozen cuts of chicken

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023