Guatemala: Ice Cream Market 2024

Ice Cream Market Size in Guatemala

The Guatemalan ice cream market amounted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption recorded slight growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ice Cream Production in Guatemala

In value terms, ice cream production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Ice cream production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ice Cream Exports

Exports from Guatemala

In 2022, the amount of ice cream exported from Guatemala expanded modestly to X tons, increasing by X% on the year before. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ice cream exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Honduras (X tons), El Salvador (X tons) and the Dominican Republic (X tons) were the main destinations of ice cream exports from Guatemala, together comprising 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, Honduras ($X) remains the key foreign market for ice cream exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

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

Export Prices by Country

The average ice cream export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Costa Rica ($X per ton) and El Salvador ($X per ton) were 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.

Ice Cream Imports

Imports into Guatemala

For the third year in a row, Guatemala recorded growth in overseas purchases of ice cream, which increased by X% to X tons in 2022. In general, total imports indicated resilient growth 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. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, ice cream imports rose significantly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, El Salvador (X tons) constituted the largest ice cream supplier to Guatemala, accounting for a X% share of total imports. Moreover, ice cream imports from El Salvador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), sixfold. The third position in this ranking was held by Nicaragua (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from El Salvador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Nicaragua (X% per year).

In value terms, El Salvador ($X) constituted the largest supplier of ice cream to Guatemala, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average ice cream import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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