Milk powder with fat content of ≤1.5% market in Guatemala

Earlier Report Observations

Between 2018 and 2023, the Guatemalan market for milk powder with fat content ≤1.5% grew substantially in volume, from 5 421 t to 8 007 t. This expansion was primarily fueled by a sharp increase in imports, which more than doubled from 2 697 t in 2018 to 5 144 t in 2023. Domestic production remained relatively stable throughout the period, hovering around 3 000 t annually.

A key development occurred in 2021 when imports surged by 88% to 4 737 t, propelling the total market volume to 7 693 t. This growth coincided with the operation of the Market Information System (SIM) maintained by the Ministry of Agriculture, Livestock and Food, which provided strategic data for agricultural products including milk powder. The improved market transparency and monitoring likely supported commercial decisions and facilitated the notable rise in import volumes during that year.

Following the 2021 peak, market volume stabilized at a high level above 7 500 t through 2023. The value of the market also grew significantly over the period, reaching $29.6 million in 2023, reflecting both higher volumes and changing price levels for the product.

Production milk powder with fat content of ≤1.5% in Guatemala

In kind, 2017-2020, t

Top producers of milk powder with fat content of ≤1.5%, 2017-2020

World map of production of milk powder with fat content of ≤1.5%, 2017-2020

Guatemala's production of milk powder with a fat content of ≤1.5% has grown for the third consecutive year. In 2020, the country produced 3 095 tons, marking a 2.1% increase compared to the previous year. Looking at the period from 2017 to 2020, production rose by 8.7%, which translates to an average annual growth rate of 2.8%.

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

In value, 2017-2020, K $ US

Guatemala's production of milk powder with a fat content of ≤1.5% has increased for the second year in a row. In 2020, the output was valued at 12 674 thousand US dollars, representing a 15.1% year-over-year rise. Between 2017 and 2020, production grew by 28.8%, with an average annual rate of 8.8%. The lowest value was recorded in 2018 at 9 578 thousand US dollars, which also saw the largest decline of 2.6%.

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

Exports milk powder with fat content of ≤1.5% from Guatemala

Exports in kind, t

Exports of milk powder with a fat content of ≤1.5% from Guatemala have fallen for the second consecutive year. In 2020, exports totaled 66 tons, a decrease of 60.1% compared to the previous year. From 2017 to 2020, exports dropped by 64.2%, averaging an annual decline of 29.0%. The peak was in 2018 with 219 tons, which also experienced the largest increase of 19.0%.

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

Between 2017 and 2020, Belize, Panama, and El Salvador remained the primary buyers of milk powder with a fat content of ≤1.5% from Guatemala. Belize accounted for 38.7% of exports in kind, Panama for 34.1%, and El Salvador for 25.9%, together making up 98.6% of total exports.

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

Exports of milk powder with a fat content of ≤1.5% from Guatemala have declined for the second year in a row. In 2020, Guatemala exported 270 thousand US dollars worth of this product, reflecting a sharp drop of 55.0% compared to 2019. Over the 2017-2020 period, exports decreased by 57.5%, with a compound annual growth rate of -24.8%. The highest value was recorded in 2018 at 712 thousand US dollars, which also saw the largest increase of 12.1%.

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

From 2017 to 2020, three key markets—Belize, Panama, and El Salvador—collectively absorbed 98.7% of the total export value of milk powder with a fat content of ≤1.5% from Guatemala.

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

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

Imports milk powder with fat content of ≤1.5% to Guatemala

Imports in kind, t

In 2020, Guatemala imported 2 515 tons of milk powder with a fat content of ≤1.5%, showing a modest increase of 6.5% compared to 2019. Between 2017 and 2020, imports grew by 14.5%, averaging an annual rate of 4.6%. The highest volume was in 2018 at 2 697 tons, which also experienced the largest increase of 22.8%. The largest decline occurred in 2019 with a 12.4% drop.

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

During 2017-2020, the United States and New Zealand dominated Guatemala's imports in kind of milk powder with a fat content of ≤1.5%, jointly accounting for 81.4% of total flows, while other countries made up the remainder.

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

In 2020, Guatemala's imports of milk powder with a fat content of ≤1.5% reached 7 289 thousand US dollars, indicating a controlled gain of 9.4% relative to the prior year. From 2017 to 2020, imports increased by 23.2%, with an average annual growth rate of 7.2%. The largest decline was in 2019 at 3.6%, while the largest increase was in 2018 at 16.8%.

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

Between 2017 and 2020, the United States, New Zealand, and Costa Rica were the main sources for Guatemala's imports in value terms of milk powder with a fat content of ≤1.5%. The United States contributed 50.1%, New Zealand 25.4%, and Costa Rica 18.1%, together accounting for 93.6% of total imports.

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

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