Raw cane or beet sugar in solid form market in Guatemala

Earlier Report Observations

Between 2018 and 2023, Guatemala's raw cane sugar market volume fluctuated, reaching a low of 1 830 thousand tonnes in 2020 and a high of 2 126 thousand tonnes in 2023. In value terms, the market grew from 692 million US dollars in 2018 to 975 million in 2023, with significant expansion after 2020.

Production was bolstered by the sugar agroindustry's adoption of environmental policies in 2019, focusing on water conservation and biodiversity protection. Additionally, high sugarcane productivity achieved through Cengicaña's development of high-sucrose varieties supported increased output, contributing to market volume growth in 2021.

External factors played a key role: from 2022, international sugar prices rose due to global supply deficits, elevating the market's dollar value despite some volume variations. The market's structure, characterized by an oligopoly and export cartel, remained consistent, influencing export flows but not directly determining domestic market size.

Production raw cane or beet sugar in solid form in Guatemala

In kind, 2017-2020, K t

Between 2017 and 2020, Guatemala ranked 23rd globally in the production of raw cane or beet sugar in solid form.

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

In 2020, Guatemala produced 2 655 K t of raw cane or beet sugar in solid form, marking a 10.4% decrease from the previous year. From 2017 to 2020, production fell by 3.1%, which translates to an annualized decline of 1.1%. The highest production level was recorded in 2019 at 2 963 K t, with the largest year-on-year increase of 10.0% also occurring that year.

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

In value, 2017-2020, M $ US

Guatemala's production of raw cane or beet sugar in solid form declined for the third consecutive year. In 2020, the output was valued at 863 M $ US, representing an 8.9% drop from the year before. Over the period from 2017 to 2020, production decreased by 27.6%, equating to an annualized rate of decline of 10.2%.

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

Exports raw cane or beet sugar in solid form from Guatemala

Exports in kind, K t

In 2020, Guatemala's export volume of raw cane or beet sugar in solid form was 824 K t, down by 19.6% compared to 2019. Between 2017 and 2020, exports fell by 52.8%, with an annualized decrease of 22.1%. The lowest export volume was recorded in 2018 at 783 K t, which saw the largest decline of 55.2%. In contrast, 2019 experienced the largest increase of 31.0%.

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

From 2017 to 2020, Guatemala exported raw cane or beet sugar in solid form to a diverse range of markets. Even the top destinations—Canada, the United States, and Asia, not elsewhere specified—collectively accounted for only 45.3% of total exports in kind.

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, M $ US

In 2020, Guatemala's foreign supplies of raw cane or beet sugar in solid form reached 268.0 M $ US, down by 18.2% year-on-year. Over the 2017-2020 period, exports decreased by 64.8%, with a compound annual growth rate (CAGR) of -29.4%. The largest decline occurred in 2018 at 62.7%, while the largest increase was in 2019 at 15.7%.

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

Between 2017 and 2020, Guatemala's export portfolio for raw cane or beet sugar in solid form in value terms was quite broad. The United States (17.5% of exports), Canada (16.1%), and Asia, not elsewhere specified (8.6%) together represented only 42.2% of total export 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 raw cane or beet sugar in solid form to Guatemala

Imports in kind, K t

Import levels showed significant volatility during these years. In 2018, imports hit their lowest point at 0.0 K t, while 2019 saw the peak at 0.0 K t, resulting in a 31-fold difference between these years. In 2020, cross-border shipments to Guatemala stood at 0.0 K t, a 95.5% decrease from 2019. The largest increase was recorded in 2019 at 2 988.0%.

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

From 2017 to 2020, the geographical pattern of imports in kind was dominated by Colombia, which accounted for 72.7% of total flows, with other partners holding relatively minor shares.

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, M $ US

The market exhibited high volatility during these years. In 2018, imports reached their lowest value at 0.0 M $ US, while 2019 saw the peak at 0.0 M $ US, with a 35-fold difference between these extremes. In 2020, Guatemala imported 0.0 M $ US of raw cane or beet sugar in solid form, a 92.1% decrease from the prior year. The largest increase occurred in 2019 at 3 414.7%.

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

Between 2017 and 2020, Colombia and the United States were the dominant sources for Guatemala's imports in value terms, jointly accounting for 88.9% of total flows, with the remainder distributed among other markets.

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

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