Guatemala: Cereal Market 2024

Cereal Market Size in Guatemala

For the fourth year in a row, the Guatemalan cereal market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Cereal Production in Guatemala

In value terms, cereal production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a temperate expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of cereals in Guatemala reduced modestly to X tons per ha, remaining stable against the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. Over the period under review, the average cereal yield reached the maximum level at X tons per ha in 2021, and then declined 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, approx. X ha of cereals were harvested in Guatemala; almost unchanged from the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The cereal harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Cereal Exports

Exports from Guatemala

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cereal exports surged to $X in 2022. Overall, exports showed 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 cereal exports from Guatemala, with a combined X% share 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 ($X) emerged as the key foreign market for cereals exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to 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 cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, 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.

Cereal Imports

Imports into Guatemala

For the sixth year in a row, Guatemala recorded growth in purchases abroad of cereals, which increased by X% to X tons in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cereal imports skyrocketed to $X in 2022. Over the period under review, imports showed a resilient expansion. 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 cereal supplier to Guatemala, accounting for a X% share of total imports. Moreover, cereal imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled 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 ($X) constituted the largest supplier of cereals to Guatemala, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 cereal import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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

Frequently Asked Questions (FAQ) :