Guatemala: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Guatemala

The Guatemalan spirits and liqueurs market reduced slightly to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Spirits And Liqueurs Production in Guatemala

In value terms, spirits and liqueurs production contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Guatemala

In 2023, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X litres in 2022, and then contracted in the following year.

In value terms, spirits and liqueurs exports fell remarkably to $X in 2023. In general, total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2022, and then dropped sharply in the following year.

Exports by Country

El Salvador (X litres), Mexico (X litres) and Canada (X litres) were the main destinations of spirits and liqueurs exports from Guatemala, together accounting for X% of total exports. The United States, Honduras, the Netherlands, Spain, South Africa, the UK, Costa Rica, the Dominican Republic, Germany and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), the United States ($X) and Mexico ($X) were the largest markets for spirits and liqueurs exported from Guatemala worldwide, with a combined X% share of total exports. The UK, Honduras, Germany, the Netherlands, Italy, Canada, Spain, South Africa, Costa Rica and the Dominican Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average spirits and liqueurs export price amounted to $X per litre, falling by X% against the previous year. Over the period under review, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Canada ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Guatemala

In 2023, overseas purchases of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres, and then fell in the following year.

In value terms, spirits and liqueurs imports declined modestly to $X in 2023. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

Mexico (X litres), the UK (X litres) and Costa Rica (X litres) were the main suppliers of spirits and liqueurs imports to Guatemala, together comprising X% of total imports. France, the Netherlands, the United States, Sweden and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Mexico ($X) and the United States ($X) appeared to be the largest spirits and liqueurs suppliers to Guatemala, with a combined X% share of total imports. France, Costa Rica, Panama, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average spirits and liqueurs import price amounted to $X per litre, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Costa Rica ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform