Guatemala: Orange Market 2024

Orange Market Size in Guatemala

The Guatemalan orange market reduced slightly to $X in 2022, with a decrease of X% against the previous year. The market 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. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Orange Production in Guatemala

In value terms, orange production soared to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average orange yield in Guatemala shrank to X tons per ha, remaining relatively unchanged against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The orange yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oranges production in Guatemala fell to X ha, almost unchanged from 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the orange harvested area failed to regain momentum.

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Orange Exports

Exports from Guatemala

In 2022, exports of oranges from Guatemala skyrocketed to X tons, with an increase of X% against 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, orange exports surged to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Honduras (X tons) was the main destination for orange exports from Guatemala, accounting for a X% share of total exports. It was followed by El Salvador (X kg), with less than X% share of total exports.

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

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

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

Export Prices by Country

In 2022, the average orange export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orange Imports

Imports into Guatemala

After three years of growth, purchases abroad of oranges decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, orange imports shrank dramatically to $X in 2022. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Honduras (X tons) was the main orange supplier to Guatemala, with a X% share of total imports. It was followed by Chile (X tons), with a X% share of total imports.

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

In value terms, the largest orange suppliers to Guatemala were the United States ($X), Honduras ($X) and Chile ($X), together accounting for X% of total imports.

Among the main suppliers, Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average orange import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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