Guatemala: Green Bean Market 2024

Green Bean Market Size in Guatemala

In 2022, the Guatemalan green bean market was finally on the rise to reach $X after three years of decline. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Green Bean Production in Guatemala

In value terms, green bean production rose modestly to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of green beans in Guatemala totaled X tons per ha, approximately mirroring the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the green bean harvested area in Guatemala expanded remarkably to X ha, increasing by X% compared with 2021 figures. Overall, the harvested area showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The green bean harvested area peaked in 2022 and is likely to continue growth in years to come.

Green Bean Exports

Exports from Guatemala

After three years of growth, overseas shipments of green beans decreased by X% to X tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume 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 appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, green bean exports shrank to $X in 2022. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for green bean exports from Guatemala, with a X% share of total exports. Moreover, green bean exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), eightfold. 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 the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for green beans exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and the UK (X% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated prominent growth 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, green bean export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

Green Bean Imports

Imports into Guatemala

In 2022, approx. X tons of green beans were imported into Guatemala; with an increase of X% on the previous year's figure. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, green bean imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of green bean to Guatemala, accounting for a X% share of total imports. Moreover, green bean imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Honduras (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Honduras (X% per year).

In value terms, the largest green bean suppliers to Guatemala were Japan ($X), the United States ($X) and Honduras ($X), together accounting for X% of total imports. Mexico, China, South Korea and Argentina lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform