Guatemala: Preserved Tomato Market 2024

Preserved Tomato Market Size in Guatemala

In 2023, the Guatemalan preserved tomato market decreased by less than X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Preserved Tomato Production in Guatemala

In value terms, preserved tomato production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Preserved Tomato Exports

Exports from Guatemala

In 2023, overseas shipments of preserved tomatoes decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, preserved tomato exports plummeted to $X in 2023. In general, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Honduras (X tons) was the main destination for preserved tomato exports from Guatemala, accounting for a X% share of total exports. Moreover, preserved tomato exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume to Honduras amounted to X%.

In value terms, Honduras ($X) emerged as the key foreign market for preserved tomatoes exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Honduras totaled X%.

Export Prices by Country

In 2023, the average preserved tomato export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tomato Imports

Imports into Guatemala

After two years of growth, overseas purchases of preserved tomatoes decreased by X% to X tons in 2023. In general, total imports indicated mild growth from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then dropped markedly in the following year.

In value terms, preserved tomato imports reduced to $X in 2023. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of preserved tomato imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved tomato suppliers to Guatemala were Italy ($X), the United States ($X) and China ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2023, the average preserved tomato import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2023: its price 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, preserved tomato import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were China ($X per ton) and the United States ($X per ton), while the price for Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform