Grapes market in Honduras

Earlier Report Observations

The grape market in Honduras expanded from 5 073 metric tons in 2018 to 6 889 metric tons in 2023, with imports being the primary driver of volume changes. The launch of the 'Semillas de Esperanza' wine project in 2018, involving an investment over one million dollars, marked an early step toward developing local wine production and could have stimulated long-term interest in grape cultivation.

Market volume reached a peak of 7 042 metric tons in 2021 following a sharp increase in imports. In 2022, high prices for imported grapes during the holiday season, fueled by strong consumer demand, led to a reduction in import volumes and a market contraction to 5 995 metric tons. During this period, local craft winemaking ventures also gained traction, adding diversity to the market.

By 2023, the market recovered to 6 889 metric tons despite persistent inflationary pressures and elevated prices for imported fruits, demonstrating stable demand. The growth of artisanal wine production continued to evolve as a niche segment, although domestic grape output remained modest compared to import levels.

Production grapes in Honduras

In kind, 2017-2020, t

Top producers of grapes, 2017-2020

World map of production of grapes, 2017-2020

Grape production in Honduras has increased for the third consecutive year. In 2020, the country produced 185.4 t of grapes, marking a 0.7% year-over-year increase. Between 2017 and 2020, production grew by 2.4%, which translates to an annualized growth rate of 0.8%.

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

Exports grapes from Honduras

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. Export volumes reached their lowest point in 2017 and peaked in 2018, with an 11.6-fold difference between these years. In 2019, grape exports from Honduras totaled 25 t, representing a sharp decline of 56.2% compared to the previous year. The maximum volume was recorded in 2018 at 58 t, with the largest increase occurring that year at 1 055.3%.

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

From 2017 to 2020, Nicaragua (35.5% of exports in kind), the United States (24.4% of exports in kind), and Peru (22.7% of exports in kind) were the leading destinations for Honduran grape exports, together accounting for 82.6% of total export flows.

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

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

Exports in value, K $ US

The market exhibited volatility during the observed period. Export values bottomed in 2017 and peaked in 2018, with a 16-fold difference. In 2019, Honduras exported 51 K $ US worth of grapes, equivalent to a significant decrease of 62.7% compared to 2018. The maximum value was recorded in 2018 at 135 K $ US, with the largest increase that year reaching 1 479.4%.

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

Between 2017 and 2020, Nicaragua (33.5% of exports in value terms), Peru (32.9% of exports in value terms), and the United States (19.0% of exports in value terms) were the principal buyers of Honduran grapes, jointly accounting for 85.4% of total export value.

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

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

Imports grapes to Honduras

Imports in kind, t

After a two-year rise, grape imports into Honduras declined. In 2020, imports amounted to 5 318 t, showing no significant change from the previous year. Over the period 2017-2020, imports increased by 9.5%, with a compound annual growth rate (CAGR) of 3.1%. The maximum volume was recorded in 2019 at 5 329 t, with the largest increase that year at 7.7%.

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

From 2017 to 2020, Peru (36.0% of imports in kind), the United States (30.7% of imports in kind), and Chile (22.1% of imports in kind) were the main suppliers of grapes to Honduras, together comprising 88.8% of total imports in kind.

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

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

Imports in value, K $ US

Grape imports into Honduras have increased for the second consecutive year. In 2020, imports amounted to 11 387 K $ US, corresponding to a small increase of 1.0% relative to the prior year. Over the period 2017-2020, imports grew by 2.1%, with a CAGR of 0.7%. The minimum value was recorded in 2018 at 10 704 K $ US, with the largest decline that year at 4.1%. The largest increase occurred in 2019 at 5.3%.

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

Between 2017 and 2020, three main markets—the United States, Peru, and Chile—together accounted for 90.7% of the total value of grape imports into Honduras.

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

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