Maize bran, sharps and residues market in Guatemala

Earlier Report Observations

From 2018 to 2020, the market volume for maize bran in Guatemala experienced initial growth followed by a contraction. In 2018, corn production was characterized by low productivity from small-scale farming and a decrease in domestic supply due to heightened external demand, particularly from El Salvador, which constrained the availability of raw material for processing. This contributed to a stable market volume of 175 thousand tons that year. The market grew slightly to 177 thousand tons in 2019, supported by increased imports. However, by 2020, a drop in domestic production led the market volume to decline to 172 thousand tons.

The period from 2021 to 2023 saw significant volatility. In 2021, mixed corn price trends influenced by regional supply factors and persistent production limitations prompted a sharp rise in imports to nearly 16 thousand tons, driving the market volume to a peak of 182 thousand tons. The market then contracted to 171 thousand tons in 2022 as production fell and imports decreased. By 2023, efforts by state institutes to promote improved corn varieties for pest resistance and climate adaptation helped facilitate a minor recovery in production, contributing to market stabilization at 171 thousand tons.

In 2024, new regulations for the primary agricultural sector came into effect, including production reporting requirements for farmers and marketers. Concurrently, government measures to ensure basic food access, such as tariff-free corn imports, aimed to stabilize supply and prices. The processed food market, which includes corn derivatives, also saw significant growth and investment, potentially influencing demand for milling by-products like bran.

Production maize bran, sharps and residues in Guatemala

In kind, 2017-2020, K t

From 2017 to 2020, Guatemala ranked 28th globally in the production of maize bran, sharps, and residues.

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

After rising for two years, maize bran, sharps, and residues production in Guatemala declined. In 2020, production reached 168.7 K t, marking a modest drop of 3.7% from the previous year. The highest output was recorded in 2019 at 175.1 K t, while the largest annual increase occurred in 2018 at 2.4%.

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

Exports maize bran, sharps and residues from Guatemala

Exports in kind, t

Maize bran, sharps, and residues exports from Guatemala grew for the third consecutive year. In 2020, exports totaled 40 t, up 30.3% from 2019. Between 2017 and 2020, exports surged by 937.4%, equivalent to an annualized growth rate of 118.1%.

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

From 2017 to 2020, the United States was the dominant and nearly exclusive destination for Guatemala's maize bran, sharps, and residues exports in kind, accounting for 99.7% of the total.

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 during this period. Exports in value terms varied significantly, with a 12.9-fold difference between the peak in 2019 and the low in 2017. In 2020, Guatemala exported 115.3 K $ US of maize bran, sharps, and residues, down 32.7% year-on-year. The highest value was recorded in 2019 at 171.3 K $ US, while the largest annual increase occurred in 2018 at 694.3%.

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

Over 2017–2020, the United States was the key and almost sole market for Guatemala's maize bran, sharps, and residues exports in value terms, representing 100.0% of total flows.

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

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

Imports maize bran, sharps and residues to Guatemala

Imports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Imports fluctuated widely, with a 9.6-fold difference between the peak in 2020 and the trough in 2018. In 2020, Guatemala's imports of maize bran, sharps, and residues totaled 3 605 t, a sharp increase of 81.0% from the previous year. The lowest volume was recorded in 2018 at 375 t. The largest annual decline occurred in 2018 at 74.5%, while the largest increase was in 2019 at 431.2%.

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

From 2017 to 2020, El Salvador and Honduras were the main suppliers of maize bran, sharps, and residues to Guatemala, together accounting for 100.0% of total imports in kind.

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

Volatility characterized the market during these years. Imports in value terms reached their highest point in 2019 and their lowest in 2020, with a peak-to-trough ratio of 5.4 times. In 2020, Guatemala's imports of maize bran, sharps, and residues stood at 82.9 K $ US, down 81.5% from 2019. The maximum value was recorded in 2019 at 447.6 K $ US, while the largest annual increase occurred in 2019 at 420.0%.

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

Over 2017–2020, Guatemala's imports of maize bran, sharps, and residues in value terms were largely oriented towards El Salvador, which held a 91.1% share of the total.

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

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