Key Market Indicators
Consumption of palm oil in Guatemala is expected to drop to 16,810 metric tons by 2026, down from 20,000 metric tons in 2021. Since 2017, demand has dropped by 5.9% annually on average. Guatemala came in at 59th place in 2021, with Nicaragua taking the lead at 20,000 metric tons. India, Indonesia, and Nigeria ranked 2nd, 3rd, and 4th, respectively. Production of palm oil in Guatemala is projected to reach 1,215,000 metric tons by 2026, up from 996,950 metric tons in 2021, growing at a CAGR of 3.3% year on year. Since 1988, supply has risen by 6.4% year on year. Guatemala came in 6th place in 2021, with Nigeria leading the way at 996,950 metric tons. Malaysia, Thailand, and Colombia placed 2nd, 3rd, and 4th, respectively.
