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Guatemala - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Prepared Dishes and Meal in Guatemala - 2023
Contents:
- Price for Prepared Dishes and Meal in Guatemala (CIF) - 2023
- Price for Prepared Dishes and Meal in Guatemala (FOB) - 2023
- Imports of Prepared Dishes and Meal in Guatemala
- Exports of Prepared Dishes and Meal in Guatemala
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) | |||||
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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)
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.
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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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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