Thursday, November 21, 2024

Opportunities for U.S. Agricultural Products in Guatemala

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Opportunities for U.S. Agricultural Products in Guatemala

U.S. agricultural exporters of consumer-oriented products are well-positioned to increase sales to Guatemala. In 2023, U.S. consumer-oriented export values reached a third-consecutive record on 15 percent growth from the previous year (Figure 3). Additionally, consumer-oriented products make up more than half (57 percent) of Guatemala's agricultural imports worldwide. With the support of Guatemala's growing economy, benefits from the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR), and consumers' shift toward high-value products, U.S. consumer products remain competitive in the Guatemalan agricultural import market. Products with growth and potential for U.S. consumer-oriented agricultural exports include (1) poultry and meat products (excluding eggs), (2) dairy products, (3) pork and pork products, (4) soup and food preparation, (5) processed vegetables, (6) beef and beef products, (7) condiments and sauces, (8) fresh fruit, (9) bakery goods, cereals, and pasta, (10) processed vegetables, and (11) alcoholic beverages (wine and distilled spirits).

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