Report Update May 1, 2024

Guatemala - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Guatemala

The Guatemalan market for fish fillets and other fish meat surged to $X in 2022, jumping by 169% against the previous year. Over the period under review, consumption saw a significant expansion. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

Production of Fish Fillets and Other Fish Meat in Guatemala

In value terms, production of fish fillets and other fish meat amounted to less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of 99.9% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Guatemala

In 2022, after three years of decline, there was decline in overseas shipments of fish fillets and other fish meat, when their volume decreased by 0% to X tons. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 146%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fish fillets and other fish meat amounted to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 173% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of fish fillets and other fish meat from Guatemala, accounting for a 80% share of total exports. Moreover, exports of fish fillets and other fish meat to the United States exceeded the volume sent to the second major destination, Panama (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.3%.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +18.8%.

Export Prices by Country

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, leveling off at the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 67%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.9%).

Imports of Fish Fillets and Other Fish Meat

Imports into Guatemala

In 2022, approx. X tons of fish fillets and other fish meat were imported into Guatemala; which is down by -4% on 2021 figures. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 74%. Imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 37%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Vietnam (X tons), China (X tons) and Chile (X tons) were the main suppliers of imports of fish fillets and other fish meat to Guatemala, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +127.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), China ($X) and Vietnam ($X) appeared to be the largest fish fillets and other fish meat suppliers to Guatemala, with a combined 74% share of total imports.

Chile, with a CAGR of +118.2%, recorded 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

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, growing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. 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 Panama ($X per ton), while the price for Vietnam ($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 (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fillets and other fish meat in the world?

Norway constituted the country with the largest volume of consumption of fish fillets and other fish meat, comprising approx. 79% of total volume. It was followed by China, with a 2.3% share of total consumption. The United States ranked third in terms of total consumption with a 2.1% share.

What are the largest producers of fish fillets and other fish meat in the world?

The country with the largest volume of production of fish fillets and other fish meat was Norway, accounting for 82% of total volume. Moreover, production of fish fillets and other fish meat in Norway exceeded the figures recorded by the second-largest producer, China, more than tenfold.

What are the leading suppliers of fish fillets and other fish meat to Guatemala?

In value terms, the largest fish fillets and other fish meat suppliers to Guatemala were Chile, China and Vietnam, with a combined 74% share of total imports.

What is the average export price for fish fillets and other fish meat in Guatemala?

In 2022, the average export price for fish fillets and other fish meat amounted to $8,364 per ton, stabilizing at the previous year.

What is the average import price for fish fillets and other fish meat in Guatemala?

The average import price for fish fillets and other fish meat stood at $5,973 per ton in 2022, jumping by 29% against the previous year.

This report provides an in-depth analysis of the market for fish fillets and other fish meat in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10201100 - Fresh or chilled fish fillets and other fish meat without bones
Prodcom 10201400 - Frozen fish fillets
Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Prodcom 10201110 -
Prodcom 10201510 -
Prodcom 10201520 -

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023