Report Update: May 1, 2024

Guatemala - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared Dishes and Meal in Guatemala - 2023

Price for Prepared Dishes and Meal in Guatemala (CIF) - 2023

In October 2023, the average prepared dishes and meal import price amounted to $12,156 per ton, picking up by 6.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in August 2023 when the average import price increased by 25% m-o-m. As a result, import price attained the peak level of $14,497 per ton. From September 2023 to October 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Costa Rica ($36,852 per ton), while the price for Belgium ($2,042 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared Dishes and Meal in Guatemala (FOB) - 2023

In October 2023, the average prepared dishes and meal export price amounted to $8,862 per ton, remaining relatively unchanged against the previous month. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 121% m-o-m. The export price peaked at $9,822 per ton in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was El Salvador ($18,908 per ton), while the average price for exports to Mexico ($796 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 El Salvador (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Dishes and Meal in Guatemala

In 2022, the amount of prepared dishes and meals imported into Guatemala rose significantly to 39K tons, with an increase of 8% compared with 2021 figures. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared dishes and meal imports surged to $395M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Prepared Dishes and Meal in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	94.8	108	127	160	19.1%
United States	47.5	47.5	68.6	83.2	20.5%
Mexico	28.6	22.7	26.1	35.3	7.3%
Honduras	1.0	0.3	12.3	26.8	199.3%
Netherlands	0.8	2.1	7.9	21.4	199.1%
Colombia	9.8	4.3	7.8	10.0	0.7%
Singapore	0.2	5.9	5.8	6.9	225.5%
Denmark	0.3	4.6	7.1	6.2	174.4%
El Salvador	13.6	16.6	14.8	5.7	-25.2%
Germany	5.4	4.0	5.0	5.6	1.2%
China	2.1	2.1	3.3	5.1	34.4%
Belgium	1.3	12.2	15.2	3.1	33.6%
Dominican Republic	4.1	3.8	2.5	2.0	-21.3%
Others	42.0	23.1	22.8	24.1	-16.9%
Total	251	258	326	395	16.3%

Top Suppliers of Prepared Dishes and Meal to Guatemala in 2022:

United States (11.7K tons)
Mexico (8.2K tons)
Costa Rica (4.1K tons)
Honduras (2.2K tons)
Colombia (1.8K tons)
China (1.7K tons)
Netherlands (1.6K tons)
Belgium (1.6K tons)
Germany (1.0K tons)
Singapore (0.7K tons)
El Salvador (0.7K tons)
Denmark (0.6K tons)
Dominican Republic (0.6K tons)

Exports of Prepared Dishes and Meal in Guatemala

In 2022, shipments abroad of prepared dishes and meals decreased by -25% to 32K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 210% against the previous year. As a result, the exports reached the peak of 51K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared dishes and meal exports declined to $63M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 decreased by -19.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. As a result, the exports attained the peak of $77M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Prepared Dishes and Meal in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	12.3	12.0	16.7	18.8	15.2%
Mexico	5.2	37.8	24.9	12.3	33.2%
El Salvador	10.4	8.8	10.8	9.7	-2.3%
Nicaragua	7.3	8.7	7.3	7.3	0.0%
United States	2.7	3.6	3.5	3.8	12.1%
Dominican Republic	1.1	1.9	4.0	3.7	49.8%
Others	6.3	4.6	6.4	7.0	3.6%
Total	45.3	77.4	73.6	62.7	11.4%

Top Export Markets for Prepared Dishes and Meal from Guatemala in 2022:

Mexico (22.7K tons)
Dominican Republic (3.3K tons)
Honduras (1.6K tons)
El Salvador (1.6K tons)
United States (1.0K tons)
Nicaragua (1.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared dishes and meal 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:

Prodcom 10851900 - Other prepared dishes and meals (including frozen pizza)
Prodcom 10891940 - Other food preparations n.e.c.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023