Avocado Market Overview in Guatemala
In value terms, avocado production rose remarkably to $ in estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level in and is expected to retain growth in the near future.
In , the average avocado yield in Guatemala reached tonnes per ha, approximately mirroring 2019. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by % against the previous year. Over the period under review, the average avocado yield reached the peak level at tonnes per ha in 2014; however, from 2015 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The avocado harvested area in Guatemala rose slightly to ha in , increasing by % on 2019 figures. The harvested area increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the harvested area increased by % year-to-year. The avocado harvested area peaked in and is expected to retain growth in the immediate term.
The revenue of the avocado market in Guatemala expanded markedly to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a slight increase. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.