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The food and beverage processing industry in Guatemala includes around 2,200 companies and plays a crucial role in the country's economy, contributing to employment, exports, and domestic food security.

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 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.

In 2023, the Guatemalan market showed significant potential for growth, with supermarkets, hypermarkets, and independent food stores expanding their locations.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Singapore imports more than 90 percent of its food and has a diverse, competitive array of trading partners. The United States and Singapore have a long-standing free trade agreement (FTA), and Singapore is a well-developed market for high-quality food and agricultural products.

Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers.

In 2022, supermarkets, hypermarkets, and independent food stores continued adding locations, but retail volume sales fell versus 2021.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

Most raw materials for food processing are imported into Singapore due to its limited land, natural resources, livestock, and agricultural production. Singapore imported $1.2 billion of U.S. processed food products in 2022, which was a 9% increase compared with 2021.

Supermarkets, hypermarkets, and independent food stores, continue expanding in Guatemala; imports of U.S. consumer-oriented products have continued to grow and in 2021, the value of these products reported a record year of $637 million.

Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers. Industry analysts report total retail food sales surpassed $7 billion USD in 2021.