Guatemala: Avocado Market 2024

Avocado Market Size in Guatemala

The Guatemalan avocado market contracted to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Avocado Production in Guatemala

In value terms, avocado production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average avocado yield in Guatemala was estimated at X tons per ha, approximately reflecting the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X%. The avocado yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The avocado harvested area in Guatemala totaled X ha in 2022, remaining constant against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. The avocado harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Avocado Exports

Exports from Guatemala

In 2022, approx. X tons of avocados were exported from Guatemala; growing by X% compared with the previous year's figure. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, avocado exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Honduras (X tons) was the main destination for avocado exports from Guatemala, with a X% share of total exports. Moreover, avocado exports to Honduras exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, the UK ($X), the Netherlands ($X) and Costa Rica ($X) constituted the largest markets for avocado exported from Guatemala worldwide, with a combined X% share of total exports.

The Netherlands, 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 avocado export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Honduras ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Guatemala

In 2022, approx. X tons of avocados were imported into Guatemala; with a decrease of X% on the year before. In general, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, avocado imports declined significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) constituted the largest avocado supplier to Guatemala, accounting for a X% share of total imports. Moreover, avocado imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was taken by Honduras (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Honduras (X% per year).

In value terms, the largest avocado suppliers to Guatemala were Mexico ($X), Peru ($X) and Costa Rica ($X), together accounting for X% of total imports. These countries were followed by Honduras, which accounted for a further X%.

Honduras, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average avocado import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a pronounced 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. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Honduras ($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 more modest paces of growth.

Source: IndexBox Platform

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