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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).
The Ministry of Agriculture Livestock and Food (MAGA) regulates Guatemala's genetically engineered (GE) plants and animals.
Cambodian rice farmers shifted production in 2023/24 toward short-term dry-season rice and used more inputs, resulting in higher production. Rice exports are revised higher with strong demand from neighboring countries and expansion to new export markets.
Singapore does not have any domestic commercial production of plant biotechnology. The Singapore Food Agency (SFA) website lists 108 genetically engineered (GE) crops approved for use as food for direct consumption, ingredients, and further processing into ingredients for other food in the country.
This report contains the list of all the mandatory export certificates required by the Government of Guatemala for agricultural imports.
The retail food sector is highly competitive in Singapore with no single country holding over 16 percent of the consumer-oriented products market share. Singapore’s economy is beginning to slow due to cost-of-living, inflation, and supply chain challenges.
Guatemala adopted the Central American Regional Technical Regulation RTCA 67.01.31:20, which updates the food product registration process. The regulation entered into effect on August 5, 2024, superseding previous regulation RTCA 67.031:07.
In 2023, the Guatemalan market showed significant potential for growth, with supermarkets, hypermarkets, and independent food stores expanding their locations.
On September 12, 2024, Cambodia announced a six-month extension of the temporary ban on the importation of frozen pork offal which had been set to expire that day.
Guatemala ranked as the #16 largest U.S. agricultural export market despite a nine percent decline, mainly due to lower imports of bulk commodities in 2023, reaching $1.6 million. It's crucial to remember that Guatemala, relying on foreign exchange by international trade, remittances, and tourism, is the largest economy in Central America, with an estimated gross domestic product (GDP) of $102.8 billion, a 19-million-person market, and relative economic stability.
Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.
Guatemala coffee area was updated by the National Coffee Association (ANACAFE), accurately reporting now 376,000 hectares (Ha) from previous 305,000 Ha. The updated area and number of trees do not affect previous data or production estimates. Guatemala maintains position 9 as the largest coffee exporter and 4th largest Arabica coffee exporter worldwide.