Groundnutoil-cake market in Guatemala

Earlier Report Observations

The market volume for groundnut oil-cake in Guatemala stood at 6 471 t in 2018 but dropped to 4 737 t in 2019. This decline coincided with a fall in the export value of the fats and oils sector to $490 million in 2019, reflecting reduced sectoral activity that likely dampened demand for oil-cake as a by-product. The market recovered to 5 137 t in 2020, supported by a rebound in oil exports to $585 million and shifts in supply chains due to the COVID-19 pandemic.

In 2021, the implementation of Government Agreement 164-2021, a comprehensive regulation for solid waste management that included oil-cakes, introduced new handling obligations. This regulatory change temporarily affected import flows, contributing to a market volume decrease to 4 796 t. By 2022, despite a 15% drop in crude palm oil production, the fats and oils sector secured the second position in exports with $1,186.7 million, and Guatemala's role as a significant regional buyer of oil-cakes helped lift imports, pushing the market volume to 4 914 t.

The market expanded notably to 5 805 t in 2023. This growth was driven by the continued expansion of the palm oil industry and the publication of Government Agreement 184-2023, which modified waste separation rules and provided clearer operational guidelines for by-products like oil-cake. Domestic production also rose to 502 t, aligning with the overall growth in oil processing activity.

Production groundnutoil-cake in Guatemala

In kind, 2017-2020, t

Top producers of groundnutoil-cake, 2017-2020

World map of production of groundnutoil-cake, 2017-2020

Guatemala's groundnut oil-cake production has declined for the third year in a row. In 2020, the country produced 288.5 tons, marking a moderate decrease of 9.1% compared to the previous year. Looking at the period from 2017 to 2020, production fell by 24.1%, which translates to an average annual decline of 8.8%.

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

Exports groundnutoil-cake from Guatemala

Market data confirms that Guatemala did not export any groundnut oil-cake between 2017 and 2020.

Imports groundnutoil-cake to Guatemala

Imports in kind, t

The import market showed significant volatility over this period. Imports hit their lowest point in 2017 and peaked in 2018, with a 1.7-fold difference between these years. In 2020, Guatemala imported 4 848 tons of groundnut oil-cake, representing a moderate increase of 9.7% from 2019. The highest import volume was recorded in 2018 at 6 115 tons. The sharpest decline occurred in 2019, dropping by 27.7%, while the largest increase was in 2018, surging by 74.0%.

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

From 2017 to 2020, the import market was highly concentrated, with Nicaragua accounting for 99.9% of all groundnut oil-cake imports to Guatemala.

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

The import market in value terms was also unstable during this timeframe. The lowest point was in 2017, and the peak was in 2018, with a 1.7-fold fluctuation. In 2020, Guatemala's groundnut oil-cake imports totaled 1 732 thousand US dollars, showing a 6.6% increase over 2019. The maximum value was reached in 2018 at 2 178 thousand US dollars. The most significant drop happened in 2019, falling by 25.4%, while the largest rise was in 2018, jumping by 73.6%.

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

Between 2017 and 2020, Nicaragua dominated the import structure in value terms, representing 99.9% of all groundnut oil-cake imports to Guatemala.

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

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