Guatemala: Nuts Market 2024

Nuts Market Size in Guatemala

In 2022, the Guatemalan nuts market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Guatemala

In value terms, nuts production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Nuts production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of nuts in Guatemala totaled X tons per ha in 2022, flattening at 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The nuts yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in Guatemala shrank to X ha, almost unchanged from the previous year's figure. Overall, the harvested area, however, showed modest growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to nuts production reached the peak figure at X ha in 2021, and then contracted slightly in the following year.

Nuts Exports

Exports from Guatemala

After three years of growth, overseas shipments of nuts decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell sharply in the following year.

In value terms, nuts exports dropped dramatically to $X in 2022. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for nuts exports from Guatemala, accounting for a X% share of total exports. Moreover, nuts exports to China exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for nuts exported from Guatemala were the United States ($X), China ($X) and the Netherlands ($X), with a combined X% share of total exports. Japan, France, Germany, El Salvador, Costa Rica, Hong Kong SAR and Vietnam lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a noticeable decrease. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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.

Nuts Imports

Imports into Guatemala

In 2022, approx. X tons of nuts were imported into Guatemala; waning by X% against the year before. In general, imports faced a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, nuts imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Honduras (X tons) and Chile (X tons) were the main suppliers of nuts imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of nuts to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Honduras ($X), with a X% share of total imports. It was followed by Chile, 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: Honduras (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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