Guatemala: Wheat Market Overview 2020

Wheat Market Size in Guatemala

The revenue of the wheat market in Guatemala amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, wheat consumption, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the wheat market reached its maximum level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Wheat Production in Guatemala

In value terms, wheat production totaled $X in 2018 estimated in export prices. Overall, wheat production continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, wheat production attained its peak level of $X. From 2015 to 2018, wheat production growth remained at a lower figure.

Average yield of wheat in Guatemala stood at X tonne per ha in 2018, leveling off at the previous year. In general, the wheat yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when yield increased by X% y-o-y. Wheat yield peaked at X tonne per ha in 2007; however, from 2008 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of wheat were harvested in Guatemala; going down by -X% against the previous year. Over the period under review, the wheat harvested area continues to indicate a deep decline. The pace of growth was the most pronounced in 2016 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to wheat production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from Guatemala

In 2018, the amount of wheat exported from Guatemala totaled X tonnes, rising by X% against the previous year. Over the period under review, wheat exports, however, continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, wheat exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, wheat exports totaled $X in 2018. In general, wheat exports, however, continue to indicate an abrupt shrinkage. The growth pace was the most rapid in 2012 when exports decreased by -X% against the previous year. Over the period under review, wheat exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Wheat Imports

Imports into Guatemala

In 2018, approx. X tonnes of wheat were imported into Guatemala; falling by -X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, wheat imports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, wheat imports totaled $X in 2018. In general, wheat imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. In that year, wheat imports reached their peak of $X. From 2009 to 2018, the growth of wheat imports remained at a somewhat lower figure.

Source: IndexBox AI Platform