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Guatemala - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Bean Price in Guatemala - 2023
Contents:
- Cocoa Bean Price in Guatemala (CIF) - 2022
- Cocoa Bean Price in Guatemala (FOB) - 2022
- Cocoa Bean Imports in Guatemala
- Cocoa Bean Exports in Guatemala
Cocoa Bean Price in Guatemala (CIF) - 2022
The average cocoa bean import price stood at $405 per ton in 2022, approximately mirroring the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 2.3%. Over the period under review, average import prices hit record highs at $635 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nicaragua ($409 per ton), while the price for Honduras stood at $309 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (-4.3%).
Cocoa Bean Price in Guatemala (FOB) - 2022
The average cocoa bean export price stood at $4,541 per ton in 2022, rising by 16% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 an increase of 241% against the previous year. The export price peaked at $5,392 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($5,485 per ton), while the average price for exports to Honduras ($888 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 El Salvador (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Bean Imports in Guatemala
Cocoa bean imports into Guatemala stood at 4.5K tons in 2022, with an increase of 5.9% compared with the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cocoa bean imports expanded rapidly to $1.8M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Cocoa Bean in Guatemala (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 792 | 1,214 | 1,594 | 1,750 | 30.2% |
Honduras | 72.1 | 108 | 89.4 | 69.7 | -1.1% |
Others | 0.8 | 10.6 | 50.6 | 1.4 | 20.5% |
Total | 865 | 1,333 | 1,734 | 1,821 | 28.2% |
Top Suppliers of Cocoa Bean to Guatemala in 2022:
- Nicaragua (4.3K tons)
- Honduras (0.2K tons)
Cocoa Bean Exports in Guatemala
In 2022, cocoa bean exports from Guatemala soared to 269 tons, jumping by 16% on the previous year's figure. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, cocoa bean exports soared to $1.2M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Cocoa Bean in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 184 | 190 | 179 | 732 | 58.5% |
United States | 294 | 180 | 175 | 164 | -17.7% |
France | 112 | 53.4 | 3.1 | 84.2 | -9.1% |
Australia | N/A | N/A | 19.9 | 46.4 | 133.2% |
Germany | 1.6 | 16.4 | 81.6 | 44.3 | 202.5% |
Belgium | N/A | 2.7 | 5.5 | 35.3 | 261.6% |
Honduras | N/A | 1.2 | 3.1 | 17.0 | 276.4% |
El Salvador | N/A | 6.6 | 1.1 | 1.6 | -50.8% |
Italy | N/A | 366 | 394 | N/A | 7.7% |
Others | 20.1 | 74.9 | 46.7 | 95.6 | 68.2% |
Total | 612 | 891 | 909 | 1,221 | 25.9% |
Top Export Markets for Cocoa Bean from Guatemala in 2022:
- Netherlands (155.4 tons)
- United States (30.5 tons)
- Honduras (19.1 tons)
- France (17.8 tons)
- Australia (11.2 tons)
- Germany (11.2 tons)
- Belgium (6.4 tons)
- El Salvador (1.7 tons)
This report provides an in-depth analysis of the cocoa bean 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 661 - Cocoa beans
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
This report provides an in-depth analysis of the cocoa bean market in Guatemala.
This report provides an in-depth analysis of the global cocoa bean market.
This report provides an in-depth analysis of the cocoa bean market in Guatemala.
This report provides an in-depth analysis of the global cocoa bean market.
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