Guatemala: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Guatemala

In 2022, the Guatemalan carrot and turnip market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Carrot And Turnip Production in Guatemala

In value terms, carrot and turnip production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average carrot and turnip yield in Guatemala shrank to X tons per ha, waning by X% compared with 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average carrot and turnip yield reached the maximum level at X tons per ha in 2016; however, from 2017 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.

In 2022, approx. X ha of carrots and turnips were harvested in Guatemala; picking up by X% on 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X% against the previous year. The carrot and turnip harvested area peaked in 2022 and is expected to retain growth in the near future.

Carrot And Turnip Exports

Exports from Guatemala

After two years of growth, overseas shipments of carrots and turnips decreased by X% to X tons in 2022. Over the period under review, exports, however, saw 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 tons in 2021, and then shrank notably in the following year.

In value terms, carrot and turnip exports skyrocketed to $X in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

El Salvador (X tons), Honduras (X tons) and the United States (X tons) were the main destinations of carrot and turnip exports from Guatemala, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms 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 Honduras (X% per year).

Export Prices by Country

In 2022, the average carrot and turnip export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carrot And Turnip Imports

Imports into Guatemala

In 2022, imports of carrots and turnips into Guatemala skyrocketed to X tons, rising by X% against the previous year. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carrot and turnip imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Honduras (X tons) was the main supplier of carrot and turnip to Guatemala, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Honduras stood at X%.

In value terms, Honduras ($X) constituted the largest supplier of carrots and turnips to Guatemala.

From 2012 to 2022, the average annual rate of growth in terms of value from Honduras totaled X%.

Import Prices by Country

In 2022, the average carrot and turnip import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform