Guatemala: Cassava Market 2024

Cassava Market Size in Guatemala

The Guatemalan cassava market shrank slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Guatemala

In value terms, cassava production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of cassava in Guatemala declined to X kg per ha, leveling off at 2021 figures. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The cassava yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cassava harvested area in Guatemala was estimated at X ha in 2022, remaining relatively unchanged against 2021. In general, the harvested area, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cassava production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

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Cassava Exports

Exports from Guatemala

In 2022, overseas shipments of cassava increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cassava exports skyrocketed to $X in 2022. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons) was the main destination for cassava exports from Guatemala, accounting for a X% share of total exports. Moreover, cassava exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), ninefold.

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

In value terms, El Salvador ($X) remains the key foreign market for cassava exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports.

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

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

Cassava Imports

Imports into Guatemala

In 2022, after two years of growth, there was significant decline in purchases abroad of cassava, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, cassava imports contracted sharply to $X in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of cassava to Guatemala, accounting for a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Honduras (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Costa Rica was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of cassava to Guatemala, comprising X% of total imports. The second position in the ranking was held by Honduras ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Costa Rica totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform