Report Update: Apr 1, 2024

Guatemala - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights

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Animal Feed Price in Guatemala - 2023

Animal Feed Price in Guatemala (FOB) - 2023

In October 2023, the average animal feed export price amounted to $2,244 per ton, rising by 15% against the previous month. In general, export price indicated modest growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, animal feed export price increased by +15.3% against September 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 46% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,111 per ton in March 2023; however, from April 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($5,440 per ton), while the average price for exports to Nicaragua ($1,210 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Price in Guatemala (CIF) - 2023

In October 2023, the average animal feed import price amounted to $2,016 per ton, rising by 8.4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 23% month-to-month. The import price peaked in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($3,306 per ton), while the price for El Salvador ($737 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Animal Feed Exports in Guatemala

For the fourth year in a row, Guatemala recorded growth in shipments abroad of animal and pet feed, which increased by 18% to 56K tons in 2022. The total export volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal feed exports skyrocketed to $105M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Animal Feed in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nicaragua	10.6	12.2	15.2	26.6	35.9%
Honduras	19.5	20.8	20.1	25.3	9.1%
Ecuador	8.6	12.1	14.2	23.9	40.6%
El Salvador	8.2	9.3	10.6	11.1	10.6%
Chile	3.6	3.8	5.2	5.4	14.5%
Dominican Republic	1.7	1.3	3.0	4.1	34.1%
Panama	2.6	2.2	1.8	2.8	2.5%
Belize	1.3	0.7	0.6	0.3	-38.7%
Others	4.7	5.3	5.0	5.4	4.7%
Total	60.9	67.7	75.6	105	19.9%

Top Export Markets for Animal Feed from Guatemala in 2022:

Nicaragua (22.8K tons)
Honduras (16.8K tons)
El Salvador (8.3K tons)
Ecuador (3.6K tons)
Dominican Republic (1.1K tons)
Panama (1.0K tons)
Chile (1.0K tons)
Belize (0.2K tons)

Animal Feed Imports in Guatemala

In 2022, after three years of growth, there was significant decline in supplies from abroad of animal and pet feed, when their volume decreased by -30.4% to 57K tons. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. As a result, imports reached the peak of 82K tons, and then dropped dramatically in the following year.

In value terms, animal feed imports surged to $92M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Animal Feed in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	2.7	9.8	19.0	18.9	91.3%
Mexico	11.7	12.8	13.0	14.1	6.4%
United States	5.5	6.4	8.7	14.1	36.9%
Brazil	1.4	1.5	3.4	8.1	79.5%
China	2.8	2.9	4.7	5.9	28.2%
Spain	1.8	2.2	4.7	5.3	43.3%
Honduras	5.0	4.8	4.0	2.5	-20.6%
Others	16.6	19.5	19.8	23.2	11.8%
Total	47.4	59.8	77.3	92.2	24.8%

Top Suppliers of Animal Feed to Guatemala in 2022:

El Salvador (27.2K tons)
Mexico (5.7K tons)
China (4.4K tons)
United States (4.3K tons)
Brazil (3.2K tons)
Honduras (2.8K tons)
Spain (1.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the animal feed 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 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023