Guatemala: Almond Market 2024

Almond Market Size in Guatemala

In 2022, the Guatemalan almond market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a significant contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Almond Production in Guatemala

In value terms, almond production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. Almond production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average yield of almonds in Guatemala totaled less than X kg per ha, flattening at the year before. Overall, the yield recorded a relatively flat trend pattern. 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 almonds production in Guatemala was estimated at less than X ha, approximately mirroring the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Almond Exports

Exports from Guatemala

In 2022, overseas shipments of almonds decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, almond exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

El Salvador (X tons) was the main destination for almond exports from Guatemala, with a X% share of total exports. Moreover, almond exports to El Salvador exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was held by Honduras (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Honduras (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for almonds exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Mexico ($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 El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Honduras (X% per year).

Export Prices by Country

The average almond export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, almond export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to El Salvador ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Guatemala

In 2022, imports of almonds into Guatemala expanded significantly to X tons, with an increase of X% on 2021 figures. In general, imports enjoyed modest growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, almond imports surged to $X in 2022. Overall, imports showed a measured expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main almond supplier to Guatemala, with a X% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of almonds to Guatemala, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

In 2022, the average almond import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Chile amounted to $X per ton.

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 mixed trend patterns.

Source: IndexBox Platform

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