Market research

Soybean oilcake market in Guatemala

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Guatemalan soybean oilcake market grew from 445 thousand tons in 2018 to 500 thousand tons in 2020, supported by a duty-free import policy that was in effect until the end of 2019. This measure, aligned with a national plan to reduce raw material costs for pork, chicken, egg, and shrimp producers, lowered import costs and encouraged greater volumes, contributing to market expansion.

Market volume continued to rise, reaching 547 thousand tons in 2022, as Guatemala emerged as a leading international buyer of soybean oilcake, reflecting sustained demand from the local animal feed industry. In 2023, the market saw a slight contraction to 541 thousand tons, with supply sources shifting to include increased imports from Bolivia and Argentina during the early part of the year.

In February 2024, the government issued a decree regulating exports of soybean oilcake, requiring verification of sufficient domestic supply and fair prices to prevent shortages and speculation, which may influence future market dynamics.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Guatemala
  1. 5.1.1. Annual dynamics of production in Guatemala in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Guatemala in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Guatemala in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Guatemala by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Guatemala in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Guatemala by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Guatemala, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Guatemala by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Guatemala in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Guatemala by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Guatemala in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Guatemala by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Guatemala, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Guatemala by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Guatemala in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Guatemala by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Guatemala in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Guatemala by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Guatemala, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Guatemala by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Guatemala in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Guatemala by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Guatemala in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Guatemala by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Guatemala, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Guatemala by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production soybean oilcake in Guatemala

In kind, 2017-2020, t

Top producers of soybean oilcake, 2017-2020

Source: SHEV.io

World map of production of soybean oilcake, 2017-2020

Source: SHEV.io

Guatemala's soybean oilcake production increased for the second consecutive year. In 2020, the country produced 32 000 tonnes, which represents an 11.5% increase from 2019. However, looking at the broader period from 2017 to 2020, production actually decreased by 4.1%, averaging an annual decline of 1.4%. The lowest production volume was recorded in 2018 at 28 395 tonnes, which also marked the largest year-on-year decline of 14.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(14.9%)	1.1%	11.5%	(1.4%)

Source: SHEV.io

Exports soybean oilcake from Guatemala

According to desk research, Guatemala did not export any soybean oilcake between 2017 and 2020.

Imports soybean oilcake to Guatemala

Imports in kind, K t

Guatemala's soybean oilcake imports grew for the third consecutive year. In 2020, imports reached 467.7 thousand tonnes, showing a modest year-on-year increase of 2.0%. Over the period from 2017 to 2020, imports rose by 24.6%, which translates to an average annual growth rate of 7.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.0%	10.1%	2.0%	7.6%

Source: SHEV.io

From 2017 to 2020, Guatemala's soybean oilcake imports were highly concentrated, with the United States accounting for 99.6% of the total volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Guatemala's soybean oilcake imports in value terms also increased for the third consecutive year. In 2020, imports amounted to 184.2 million US dollars, reflecting a modest gain of 3.8% compared to 2019. Between 2017 and 2020, imports grew by 22.6%, averaging an annual increase of 7.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.7%	0.4%	3.8%	7.0%

Source: SHEV.io

Throughout 2017 to 2020, the United States dominated the geographical structure of Guatemala's soybean oilcake imports in value terms, holding a 99.5% share of total flows.

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

Source: SHEV.io

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

Source: SHEV.io