Coconuts, Brazil nuts and cashews market in Guatemala

Earlier Report Observations

Between 2018 and 2021, the market volume for coconuts, Brazil nuts and cashews in Guatemala contracted from 17 199 t to 13 747 t. This decline was primarily driven by a sharp increase in exports to 3 680 t in 2019, which reduced domestic availability. Production remained stable at 18 000 t in 2018 and 2019 but fell to 14 400 t in 2020 and 2021, contributing to the smaller market size.

The market rebounded in 2022, reaching 18 424 t as exports dropped to just 327 t and production recovered to 18 000 t. However, in 2023, the market volume fell again to 14 091 t due to a surge in exports to 4 289 t, even though production stayed near 17 735 t.

In 2024, international demand for exotic fruits including coconuts rose, potentially supporting exports. Legislative changes regarding food labeling and healthy eating promotion were also under discussion, which may affect the market environment for these products.

Production coconuts, Brazil nuts and cashews in Guatemala

In kind, 2017-2020, t

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

Guatemala produced 14,400 tons of coconuts, Brazil nuts, and cashews in 2020, representing a significant 20.0% year-over-year decrease. Looking at the period from 2017 to 2020, production fell by 25%, with a compound annual growth rate of -9.1%. The largest increase occurred in 2019, remaining at 0.0%.

Annual dynamics of production in Guatemala in kind, 2017-2020, t

Exports coconuts, Brazil nuts and cashews from Guatemala

Exports in kind, t

Market behavior during these years was marked by volatility. Exports reached their lowest point in 2020, after hitting their maximum in 2019, with a 3.2-fold difference between these two years. In 2020, Guatemala exported 1,142 tons of coconuts, Brazil nuts, and cashews, showing a sharp 69.0% year-over-year decline. The peak value was recorded in 2019 at 3,680 tons, with the largest increase that year at 147.9%.

Annual dynamics of product's exports from Guatemala in kind, 2017-2020, t

From 2017 to 2020, Guatemala's exports of coconuts, Brazil nuts, and cashews were primarily directed towards El Salvador, which accounted for 98.8% of total exports in volume terms.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Guatemala in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatility throughout these years. Exports peaked in 2019 and reached their lowest point in 2017, with a 2.2-fold swing between these years. In 2020, Guatemala's exports of coconuts, Brazil nuts, and cashews were valued at 92,000 US dollars, down 49.4% from 2019. The maximum value was recorded in 2019 at 183,000 US dollars, while the largest increase occurred in 2018 at 71.3%.

Annual dynamics of product's exports from Guatemala in value, 2017-2020, K $ US

During 2017–2020, El Salvador was the main destination for exports in value terms, making up 71.1% of total flows, with other markets contributing smaller shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Guatemala in value, 2017-2020

Imports coconuts, Brazil nuts and cashews to Guatemala

Imports in kind, t

Guatemala's imports of coconuts, Brazil nuts, and cashews declined for the second consecutive year. In 2020, imports totaled 568 tons, a 4.6% decrease compared to the previous year. Between 2017 and 2020, imports fell by 10.2%, equivalent to an annualized rate of -3.5%. The highest volume was recorded in 2018 at 683 tons, with the largest decline in 2019 at 12.8% and the largest increase in 2018 at 7.9%.

Annual dynamics of product's imports to Guatemala in kind, 2017-2020, t

From 2017 to 2020, the primary suppliers of coconuts, Brazil nuts, and cashews to Guatemala were the Philippines (44.6% of imports in volume), Vietnam (23.0%), and Brazil (21.8%), together accounting for 89.4% of total imports in volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Guatemala in kind, 2017-2020

Imports in value, K $ US

Imports of coconuts, Brazil nuts, and cashews into Guatemala declined for the second year in a row. In 2020, imports were valued at 1,989,000 US dollars, down 19.0% from the previous year. Over the period 2017-2020, imports decreased by 54.3%, with a compound annual growth rate of -23.0%. The peak value was recorded in 2018 at 4,675,000 US dollars, with the largest decline in 2019 at 47.5% and the largest increase in 2018 at 7.4%.

Annual dynamics of product's imports to Guatemala in value, 2017-2020, K $ US

Throughout 2017–2020, Brazil (35.8% of imports in value), Vietnam (33.9%), and the Philippines (18.7%) were the key markets for imports in value terms, collectively representing 88.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Guatemala in value, 2017-2020