Guatemala: Pulses Market 2024

Pulses Market Size in Guatemala

The Guatemalan pulses market expanded sharply to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a pronounced shrinkage. Pulses consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pulses Production in Guatemala

In value terms, pulses production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of pulses in Guatemala fell modestly to X tons per ha in 2022, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The pulses yield peaked at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of pulses were harvested in Guatemala; picking up by X% against 2021. In general, the harvested area, however, continues to indicate a drastic downturn. The pulses harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Pulses Exports

Exports from Guatemala

In 2022, overseas shipments of pulses decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pulses exports fell sharply to $X in 2022. Overall, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons) was the main destination for pulses exports from Guatemala, accounting for a X% share of total exports. Moreover, pulses exports to Costa Rica exceeded the volume sent to the second major destination, the United States (X tons), threefold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X), Costa Rica ($X) and El Salvador ($X) were the largest markets for pulses exported from Guatemala worldwide, with a combined X% share of total exports.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Pulses Imports

Imports into Guatemala

In 2022, the amount of pulses imported into Guatemala skyrocketed to X tons, growing by X% on 2021 figures. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pulses imports surged to $X in 2022. Overall, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Argentina (X tons), the United States (X tons) and Nicaragua (X tons) were the main suppliers of pulses imports to Guatemala, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pulses suppliers to Guatemala were Argentina ($X), the United States ($X) and Nicaragua ($X), with a combined X% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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