Report Update: Apr 1, 2024

Guatemala - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights

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Ice Cream Price in Guatemala - 2023

Ice Cream Price in Guatemala (FOB) - 2023

The average ice cream export price stood at $2,922 per ton in June 2023, approximately reflecting the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.2% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,090 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In June 2023, the highest price was recorded for prices to the Dominican Republic ($3,269 per ton) and Honduras ($3,002 per ton), while the average price for exports to El Salvador ($2,734 per ton) and Belize ($2,996 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Price in Guatemala (CIF) - 2023

In June 2023, the average ice cream import price amounted to $2,155 per ton, increasing by 9% against the previous month. Overall, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in December 2022 when the average import price increased by 15% m-o-m. Over the period under review, average import prices hit record highs at $2,600 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($8,778 per ton), while the price for Nicaragua ($1,165 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Ice Cream Exports in Guatemala

In 2022, approx. 16K tons of ice cream were exported from Guatemala; with an increase of 3.3% compared with the previous year's figure. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% 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 +40.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ice cream exports surged to $46M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 47%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Export of Ice Cream in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	15.3	15.8	24.3	29.7	24.7%
El Salvador	8.9	8.9	12.2	14.2	16.9%
Dominican Republic	0.6	0.7	1.0	0.8	10.1%
Costa Rica	0.8	0.6	0.5	0.4	-20.6%
Others	0.2	0.2	0.3	0.8	58.7%
Total	25.8	26.1	38.2	45.9	21.2%

Top Export Markets for Ice Cream from Guatemala in 2022:

Honduras (10.1K tons)
El Salvador (5.6K tons)
Dominican Republic (0.3K tons)
Costa Rica (0.2K tons)

Ice Cream Imports in Guatemala

For the fourth consecutive year, Guatemala recorded growth in purchases abroad of ice cream, which increased by 3.2% to 4.2K tons in 2022. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ice cream imports expanded remarkably to $8.7M in 2022. The total import value increased at an average annual rate of +11.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Ice Cream in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	4.4	4.0	5.4	5.9	10.3%
Costa Rica	1.1	1.5	1.4	1.5	10.9%
United States	0.4	0.7	0.6	0.5	7.7%
Nicaragua	0.3	0.4	0.3	0.4	10.1%
Others	N/A	0.1	0.4	0.3	73.2%
Total	6.3	6.6	8.0	8.7	11.4%

Top Suppliers of Ice Cream to Guatemala in 2022:

El Salvador (3217.4 tons)
Costa Rica (554.2 tons)
Nicaragua (290.3 tons)
United States (118.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ice cream 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 10521000 - Ice cream and other edible ice (including sherbet, lollipops) (excluding mixes and bases for ice cream)

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