Earlier Report Observations
The Guatemalan not defatted cocoa paste market grew steadily from 8 086 t in 2018 to 9 540 t in 2023. The early increase was driven by a sectoral strategy to promote fine cocoa cultivation and the operation of a local processing plant with technical support, which raised production volumes.
Market expansion continued through 2020 and 2021, with growth rates gradually easing. In 2023, the recognition of Guatemalan cocoa at the Cacao of Excellence Awards and growing consumer demand for high-quality, differentiated products provided further support for the market.
Over the six-year period, the market's rise was sustained by both local efforts to enhance the cocoa value chain and the increasing international prestige of Guatemalan cocoa.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Guatemala
- 5.1.1. Annual dynamics of production in Guatemala in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Guatemala in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Guatemala
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Guatemala in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Guatemala by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Guatemala in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Guatemala by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Guatemala, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Guatemala by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Guatemala in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Guatemala by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Guatemala in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Guatemala by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Guatemala, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Guatemala by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Guatemala in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Guatemala by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Guatemala in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Guatemala by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Guatemala, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Guatemala by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Guatemala in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Guatemala by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Guatemala in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Guatemala by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Guatemala, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Guatemala by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production not defatted cocoa paste in Guatemala
In kind, 2017-2020, t
From 2017 to 2020, Guatemala maintained the 30th position globally in terms of production volume for not defatted cocoa paste.
Top producers of not defatted cocoa paste, 2017-2020
World map of production of not defatted cocoa paste, 2017-2020
Guatemala's production of not defatted cocoa paste grew for the second consecutive year. In 2020, the country produced 8 444 tonnes, marking a modest increase of 3.9% compared to the previous year. Over the 2017-2020 period, production rose by 3.7%, with an average annual growth rate of 1.2%. The lowest production level was recorded in 2018 at 7 882 tonnes, which also saw the largest decline of 3.2%.
Annual dynamics of production in Guatemala in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.2%) | 3.1% | 3.9% | 1.2% |
Exports not defatted cocoa paste from Guatemala
Exports in kind, t
Guatemala's exports of not defatted cocoa paste expanded for the third consecutive year. In 2020, exports reached 2.5 tonnes, representing a significant surge of 209.9% from the previous year. Between 2017 and 2020, exports increased by 1 158%, translating to an annualized growth rate of 132.6%.
Annual dynamics of product's exports from Guatemala in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 249.0% | 16.3% | 209.9% | 132.6% |
During 2017-2020, Iceland, the United States, and the Netherlands were the primary destinations for Guatemala's not defatted cocoa paste exports, accounting for 94.9% of total export volume. Iceland led with 48.4%, followed by the United States at 24.3% and the Netherlands at 22.2%.
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
Guatemala's export value of not defatted cocoa paste rose for the third consecutive year. In 2020, exports totaled 56 thousand US dollars, reflecting a substantial increase of 214.9% compared to 2019. From 2017 to 2020, export value grew by 9 485.9%, with an annualized rate of 357.7%.
Annual dynamics of product's exports from Guatemala in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2 455.8% | 19.1% | 214.9% | 357.7% |
From 2017 to 2020, Iceland, the United States, and the Netherlands formed the core group of partners for Guatemala's not defatted cocoa paste exports in value terms, collectively representing 97.8% of total export value. Iceland accounted for 48.9%, the United States for 27.6%, and the Netherlands for 21.3%.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Guatemala in value, 2017-2020
Imports not defatted cocoa paste to Guatemala
Imports in kind, t
Guatemala's imports of not defatted cocoa paste increased for the third consecutive year. In 2020, imports amounted to 286.6 tonnes, showing a rise of 37.2% compared to 2019. Over the 2017-2020 period, imports grew by 42.5%, with an average annual growth rate of 12.5%.
Annual dynamics of product's imports to Guatemala in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.7% | 2.1% | 37.2% | 12.5% |
Throughout 2017-2020, Ecuador dominated Guatemala's import structure for not defatted cocoa paste in volume terms, holding an 80.1% share of total imports, while other markets contributed smaller portions.
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 import value of not defatted cocoa paste climbed for the second consecutive year. In 2020, imports totaled 1 022 thousand US dollars, indicating a gain of 51.8% versus the previous year. Over the 2017-2020 period, import value increased by 28.9%, with an average annual growth rate of 8.8%. The lowest value was recorded in 2018 at 642 thousand US dollars, which also experienced the largest decline of 19.0%.
Annual dynamics of product's imports to Guatemala in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (19.0%) | 4.8% | 51.8% | 8.8% |
From 2017 to 2020, Ecuador remained the leading source for Guatemala's imports of not defatted cocoa paste in value terms, capturing 76.1% of total import value, with the remainder distributed among various smaller markets.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Guatemala in value, 2017-2020
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