Guatemala: Plantain Market 2024

Plantain Market Size in Guatemala

The Guatemalan plantain market dropped to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Plantain Production in Guatemala

In value terms, plantain production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average plantain yield in Guatemala contracted modestly to X tons per ha, with a decrease of X% on the previous year's figure. In general, the yield, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 when the yield increased by X%. The plantain yield peaked at X tons per ha in 2021, and then reduced modestly 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, approx. X ha of plantains were harvested in Guatemala; growing by X% against the previous year's figure. In general, the harvested area, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The plantain harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Plantain Exports

Exports from Guatemala

In 2022, plantain exports from Guatemala reached X tons, surging by X% compared with the previous year. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plantain exports expanded rapidly to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for plantain exports from Guatemala, accounting for a X% share of total exports. Moreover, plantain exports to the United States exceeded the volume sent to the second major destination, Honduras (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) remains the key foreign market for plantains exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. 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 plantain export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: 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 2022, 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 more modest paces of growth.

Plantain Imports

Imports into Guatemala

In 2022, purchases abroad of plantains increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plantain imports surged to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Mexico (X tons) was the main supplier of plantain to Guatemala, accounting for a X% share of total imports. It was followed by Honduras (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at X%.

In value terms, Mexico ($X) constituted the largest supplier of plantains to Guatemala, comprising X% of total imports. The second position in the ranking was held by Honduras ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled X%.

Import Prices by Country

The average plantain import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($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 Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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