Guatemala: Meat Market Overview 2020

Meat Market Size in Guatemala

The revenue of the meat market in Guatemala amounted to $X in 2018, going up by X% against the previous year. Over the period under review, meat consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the meat market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Meat Production in Guatemala

In value terms, meat production stood at $X in 2018 estimated in export prices. In general, meat production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2011 when production volume increased by X% against the previous year. Guatemala meat production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

In 2018, the average yield of meat in Guatemala stood at X kg per head, leveling off at the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Guatemala totaled X head, therefore, remained relatively stable against the previous year. Overall, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Guatemala

Meat exports from Guatemala stood at X tonnes in 2018, rising by X% against the previous year. In general, meat exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, meat exports attained their peak of X tonnes. From 2012 to 2018, the growth of meat exports remained at a somewhat lower figure.

In value terms, meat exports totaled $X in 2018. Overall, meat exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. In that year, meat exports attained their peak of $X. From 2012 to 2018, the growth of meat exports remained at a somewhat lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat markets from Guatemala were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Guatemala lagged somewhat behind, together accounting for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the meat export price in Guatemala amounted to $X per tonne, stabilizing at the previous year. Over the period under review, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, meat export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for meat reached their maximum at $X per tonne in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Meat Imports

Imports into Guatemala

In 2018, approx. X tonnes of meat were imported into Guatemala; waning by -X% against the previous year. Over the period under review, meat imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Guatemala imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, meat imports amounted to $X in 2018. Over the period under review, meat imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, meat imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, China (X tonnes), Japan (X tonnes), the U.S. (X tonnes), Italy (X tonnes), Germany (X tonnes), Mexico (X tonnes), South Korea (X tonnes), China, Hong Kong SAR (X tonnes), Viet Nam (X tonnes), the UK (X tonnes), Poland (X tonnes) and the Netherlands (X tonnes) represented the main importers of meat in the world, constituting X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat importing markets into Guatemala were Japan ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Viet Nam, Mexico, Poland and Guatemala lagged somewhat behind, together comprising a further X Nam recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Guatemala stood at $X per tonne in 2018, dropping by -X% against the previous year. In general, the import price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, meat import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. Over the period under review, the import prices for meat reached their maximum at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform