Guatemala - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAvocado Price in Guatemala - 2023
Contents:
- Avocado Price in Guatemala (FOB) - 2023
- Avocado Price in Guatemala (CIF) - 2022
- Avocado Exports in Guatemala
- Avocado Imports in Guatemala
Avocado Price in Guatemala (FOB) - 2023
The average avocado export price stood at $1,773 per ton in October 2023, increasing by 60% against the previous month. Over the period under review, the export price showed a pronounced increase. The growth pace was the most rapid in June 2023 when the average export price increased by 139% month-to-month. Over the period under review, the average export prices hit record highs in October 2023.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Spain ($3,153 per ton), while the average price for exports to El Salvador ($403 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Avocado Price in Guatemala (CIF) - 2022
In 2022, the average avocado import price amounted to $901 per ton, surging by 27% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $1,305 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Peru ($1,452 per ton), while the price for Honduras ($157 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Avocado Exports in Guatemala
In 2022, avocado exports from Guatemala surged to 18K tons, picking up by 95% on the previous year. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, avocado exports surged to $12M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
Export of Avocado in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.6 | 1.4 | 1.2 | 3.2 | 74.7% |
Netherlands | 3.4 | 2.9 | 4.8 | 3.1 | -3.0% |
Costa Rica | 1.6 | 1.7 | 2.9 | 2.9 | 21.9% |
Honduras | 1.1 | 0.3 | 0.4 | 1.8 | 17.8% |
El Salvador | 0.9 | 0.5 | 0.5 | 0.8 | -3.9% |
Others | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
Total | 8.2 | 7.4 | 10.4 | 12.2 | 14.2% |
Top Export Markets for Avocado from Guatemala in 2022:
- Honduras (11.0K tons)
- Netherlands (1.9K tons)
- El Salvador (1.5K tons)
- Costa Rica (1.5K tons)
- United Kingdom (1.5K tons)
Avocado Imports in Guatemala
In 2022, supplies from abroad of avocados decreased by -39.8% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 5.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, avocado imports contracted rapidly to $2.1M in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, imports reached the peak of $4.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Avocado in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 3,688 | 3,822 | 2,422 | 1,096 | -33.3% |
Peru | 45.0 | 288 | 192 | 733 | 153.5% |
Costa Rica | 49.1 | 30.8 | 57.2 | 97.3 | 25.6% |
Honduras | N/A | 71.9 | 23.1 | 40.5 | -24.9% |
Others | 0.2 | N/A | N/A | 88.2 | 661.2% |
Total | 3,783 | 4,212 | 2,694 | 2,055 | -18.4% |
Top Suppliers of Avocado to Guatemala in 2022:
- Mexico (1376.0 tons)
- Peru (504.8 tons)
- Honduras (258.9 tons)
- Costa Rica (82.3 tons)
This report provides an in-depth analysis of the avocado market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 572 - Avocados
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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