Guatemala: Paddy Rice Market 2023

Paddy Rice Market Size in Guatemala

The Guatemalan paddy rice market surged to $X in 2022, picking up by 41% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.9% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Paddy Rice Production in Guatemala

In value terms, paddy rice production stood at $X in 2022 estimated in export price. In general, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 176% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of paddy rice in Guatemala declined slightly to X tons per ha in 2022, remaining relatively unchanged against the previous year. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2.3%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average paddy rice yield remained 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 paddy rice harvested area in Guatemala reduced to X ha in 2022, which is down by -14.3% on 2021. Over the period under review, the harvested area saw a slight slump. The pace of growth was the most pronounced in 2021 when the harvested area increased by 40%. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Paddy Rice Exports

Exports from Guatemala

In 2013, the amount of paddy rice exported from Guatemala contracted dramatically to X tons, with a decrease of -96.4% compared with the year before. In general, exports recorded a dramatic decline. Over the period under review, the exports hit record highs at X tons in 2012, and then contracted notably in the following year.

In value terms, paddy rice exports shrank sharply to $X in 2013. Overall, exports continue to indicate a precipitous setback. Over the period under review, the exports hit record highs at $X in 2012, and then dropped notably in the following year.

Exports by Country

El Salvador (X tons) was the main destination for paddy rice exports from Guatemala, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to El Salvador stood at -96.4%.

In value terms, El Salvador ($X) also remains the key foreign market for paddy rice exports from Guatemala.

From 2012 to 2013, the average annual growth rate of value to El Salvador stood at -96.2%.

Export Prices by Country

In 2013, the average paddy rice export price amounted to $X per ton, increasing by 5.9% against the previous year. Over the last one years, it increased at an average annual rate of +5.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for El Salvador.

From 2012 to 2013, the rate of growth in terms of prices for El Salvador amounted to +5.7% per year.

Paddy Rice Imports

Imports into Guatemala

Paddy rice imports into Guatemala surged to X tons in 2022, rising by 42% against the previous year. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paddy rice imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +112.6% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and Brazil (X tons) were the main suppliers of paddy rice imports to Guatemala.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +24.5%).

In value terms, the largest paddy rice suppliers to Guatemala were the United States ($X) and Brazil ($X).

Brazil, with a CAGR of +25.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).

Source: IndexBox Platform

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