Guatemala: Butter Market Overview 2020

Butter Market Size in Guatemala

The revenue of the butter market in Guatemala amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the butter market reached its maximum level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Butter Production in Guatemala

In value terms, butter production stood at $X in 2018 estimated in export prices. Over the period under review, butter production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2012 when production volume increased by X% against the previous year. Over the period under review, butter production attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Butter Exports

Exports from Guatemala

In 2018, the amount of butter exported from Guatemala totaled X kg, waning by -X% against the previous year. Over the period under review, butter exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, butter exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, butter exports totaled $X in 2018. Overall, butter exports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Butter Imports

Imports into Guatemala

In 2018, approx. X tonnes of butter were imported into Guatemala; coming down by -X% against the previous year. In general, butter imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. In that year, butter imports reached their peak of X tonnes. From 2010 to 2018, the growth of butter imports remained at a lower figure.

In value terms, butter imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, butter imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Source: IndexBox AI Platform