Concentrated or sweetened milk and cream market in Guatemala

Earlier Report Observations

The market volume for concentrated or sweetened milk and cream in Guatemala expanded from 24 000 t in 2018 to 26 600 t in 2023, driven primarily by imports which accounted for the bulk of supply. The market value followed a similar trend, rising to a peak of $107 million in 2022 before moderating to $95.5 million in 2023.

Domestic production remained relatively stable, ranging between 2 900 t and 3 100 t annually. The year 2022 marked a high point for both volume and value, after which the market stabilized in 2023 with a slight volume decrease of less than 0.5%.

In 2024, the Ministry of Economy and the Chamber of Industry of Guatemala promoted milk consumption initiatives in June, supported by the FAO. Concurrently, the Bank of Guatemala maintained exchange-rate policies beneficial to importers of dairy production inputs, while the local brand Trebolac gained attention for its social commitment through milk donations.

Production concentrated or sweetened milk and cream in Guatemala

In kind, 2017-2020, t

Top producers of concentrated or sweetened milk and cream, 2017-2020

World map of production of concentrated or sweetened milk and cream, 2017-2020

Guatemala's production of concentrated or sweetened milk and cream has increased for the third consecutive year. In 2020, the country produced 3 095 tonnes, marking a 2.1% gain compared to 2019. Between 2017 and 2020, production grew by 8.7%, which translates to an annualized rate of 2.8%.

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

In value, 2017-2020, K $ US

The value of concentrated or sweetened milk and cream production in Guatemala has risen for the third year in a row. In 2020, output was valued at 12 175 thousand US dollars, representing a notable 10.5% increase from the previous year. From 2017 to 2020, production value increased by 25.1%, with a compound annual growth rate of 7.8%.

Annual dynamics of production in Guatemala in value, 2017-2020, K $ US

Exports concentrated or sweetened milk and cream from Guatemala

Exports in kind, t

Export volumes showed significant fluctuations during the period. Volumes reached their lowest point in 2020 at 88 tonnes, a 46.5% decline from the previous year, while the peak was recorded in 2018 at 561 tonnes, resulting in a 6.4-fold difference between these years. The largest increase occurred in 2018, with a 174.9% rise, and the largest decline was in 2019, at 70.6%.

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

From 2017 to 2020, Nicaragua, El Salvador, and Belize were the leading destinations for Guatemala's exports in kind of concentrated or sweetened milk and cream, accounting for 28.0%, 24.3%, and 24.0% of exports, respectively. Together, these three countries represented 76.4% of total export flows.

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

Export values exhibited volatility over the observed period. In 2020, exports amounted to 347 thousand US dollars, a sharp decrease of 42.1% from the previous year, while the high was in 2018 at 1 970 thousand US dollars, creating a 5.7-fold variation. The largest increase was recorded in 2018 at 182.5%, and the largest decline was in 2019 at 69.6%.

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

In the 2017–2020 period, Nicaragua, Belize, and El Salvador were the main destinations for Guatemala's exports in value terms of concentrated or sweetened milk and cream, with shares of 29.9%, 29.1%, and 19.4%, respectively. Combined, these countries accounted for 78.5% of total export value.

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

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

Imports concentrated or sweetened milk and cream to Guatemala

Imports in kind, t

After a two-year rise, Guatemala's imports of concentrated or sweetened milk and cream in kind declined. In 2020, imports totaled approximately 22 013 tonnes, down by 2.9% from 2019. The peak was in 2019 at 22 676 tonnes, with the largest increase occurring in 2018 at 10.7%. Over the 2017–2020 period, imports increased by 12.3%, corresponding to a compound annual growth rate of 3.9%.

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

From 2017 to 2020, New Zealand, Nicaragua, and Costa Rica were the largest suppliers of concentrated or sweetened milk and cream to Guatemala in kind, contributing 26.4%, 22.7%, and 18.7% of imports, respectively. Together, they formed 67.8% of total import volumes.

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

Guatemala's imports of concentrated or sweetened milk and cream in value terms have increased for the third consecutive year. In 2020, imports reached 75 216 thousand US dollars, showing a modest 3.1% rise compared to the previous year. Between 2017 and 2020, imports grew by 22.6%, equating to an annualized rate of 7.0%.

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

During 2017–2020, Nicaragua, New Zealand, and Costa Rica continued to be the main suppliers of concentrated or sweetened milk and cream to Guatemala in value terms, with shares of 29.0%, 26.3%, and 24.2%, respectively. Jointly, they accounted for 79.6% of total import value.

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

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