Guatemala: Agricultural Sector Grows Less

Because of the fall in the international prices of the main raw materials, last year the sector's activity grew 2.75%, below the 3.7% increase reported in 2017.

Friday, February 1, 2019

According to information from the consulting firm analyzing data on economic, financial and socio-political issues, Central American Trade Intelligence -CABI-, at the end of the last quarter of 2018, the fall in international prices of the main soft raw materials produced in the country (sugar and coffee), caused agricultural exports to decline, reported the Chamber of Agriculture (Camagro).

According to the report published by the guild, the vegetable and legume export led the growth of agricultural products, marking 23.8% in its value of accumulated year-on-year growth up to November 2018.

"... Definitively, it is important to note that during 2018 the behavior of the external sector was marked by the decline in prices of commodities such as coffee, which reduced its value to historic levels below $100. According to CABI's analysis, the current outlook for its price is in the short term like sugar, since the increase is based on changes in the Brazilian Real and the reduction of final inventories."

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More on this topic

Guatemala: Agricultural production increases 4%

November 2018

Because of the coffee production performance, during the second quarter of the year the Guatemalan agricultural GDP grew 4% compared to the same period in 2017.

From the statement of the Chamber of Agriculture of Guatemala:

Guatemala, November 8th, 2018. According to information from the data analysis consultant on economic, financial and socio-political issues, Central American Business Intelligence -CABI-, the GDP of the Agro Sector increased during the second quarter of this year by 3.9% year-on-year, the largest increase the sector has had in the last four years.

Central America: Exports Increase, Income Goes Down

November 2018

The region is expected to conclude 2018 with a rise of just over 4% in the volume exported and just 3.6% in value, due to the fall in international prices of several agricultural products.

According to the International Trade Outlook for Latin America and the Caribbean 2018, published by the Economic Commission for Latin America and the Caribbean (ECLAC), it is expected that this year Central America will export larger volumes at lower prices.

Sugar: Export Price Plummets

September 2018

Between January 2012 and March 2018, the average price of Guatemalan raw sugar exports has been falling, going from $0.58 to $0.34 per kilo.

Figures from the Information System on the Sugar Market in Guatemala, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

Expectations for the Agricultural Sector

July 2018

Plant diseases such as rust in coffee plantations, added to an oversupply of sugar worldwide, explain some of the moderate expectations that entrepreneurs have for some of the most important agricultural products in the region.

Representatives of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif) of Guatemala believe that the deceleration that has been registered in international prices of some raw materials and agro-industrial products suggest a decline in local production. 

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