Guatemala - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in Guatemala - 2023
Contents:
- Asparagus Price in Guatemala (FOB) - 2022
- Asparagus Price in Guatemala (CIF) - 2022
- Asparagus Exports in Guatemala
- Asparagus Imports in Guatemala
Asparagus Price in Guatemala (FOB) - 2022
In 2022, the average asparagus export price amounted to $4,512 per ton, with an increase of 15% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by 126%. As a result, the export price attained the peak level of $5,320 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($9,060 per ton), while the average price for exports to the UK ($1,696 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 Honduras (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Price in Guatemala (CIF) - 2022
The average asparagus import price stood at $5,375 per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. The import price peaked at $5,391 per ton in 2021, and then declined modestly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +3.1% per year.
Asparagus Exports in Guatemala
In 2022, the amount of asparagus exported from Guatemala expanded markedly to 85 tons, picking up by 6.9% compared with 2021 figures. The total export volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, the exports attained the peak of 87 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, asparagus exports soared to $385K in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Asparagus in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 65.8 | 58.4 | 100 | 161 | 34.8% |
| El Salvador | 120 | 96.5 | 118 | 133 | 3.5% |
| Nicaragua | 53.3 | 42.6 | 39.6 | 35.3 | -12.8% |
| United Kingdom | 64.6 | 71.0 | 52.3 | 34.0 | -19.3% |
| United States | N/A | 28.0 | 2.1 | 21.6 | -12.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 304 | 296 | 313 | 385 | 8.2% |
Top Export Markets for Asparagus from Guatemala in 2022:
- Honduras (28.0 tons)
- El Salvador (26.8 tons)
- United Kingdom (20.0 tons)
- United States (6.6 tons)
- Nicaragua (3.9 tons)
Asparagus Imports in Guatemala
In 2022, asparagus imports into Guatemala declined sharply to 34 tons, with a decrease of -19.7% on 2021. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, asparagus imports reduced markedly to $181K in 2022. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year.
| Import of Asparagus in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 312 | 182 | 212 | 179 | -16.9% |
| China | 29.3 | N/A | N/A | N/A | 0% |
| Mexico | N/A | N/A | 14.3 | N/A | 0% |
| Others | 0.3 | 0.1 | N/A | 1.9 | 85.0% |
| Total | 341 | 182 | 226 | 181 | -19.0% |
Top Suppliers of Asparagus to Guatemala in 2022:
- Peru (33.1 tons)
This report provides an in-depth analysis of the asparagus 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:
- FCL 367 - Asparagus
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
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Global asparagus imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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Mexico held the second spot in the global asparagus trade. In 2014, Mexico exported X thousand tons of asparagus totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total asp
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