Brown Rice Price in Guatemala - 2023
Contents:
- Brown Rice Price in Guatemala (CIF) - 2022
- Brown Rice Price in Guatemala (FOB) - 2022
- Brown Rice Imports in Guatemala
- Brown Rice Exports in Guatemala
Brown Rice Price in Guatemala (CIF) - 2022
In 2022, the average brown rice import price amounted to $1,631 per ton, rising by 85% against the previous year. Overall, the import price saw a modest expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 90%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,680 per ton), while the price for Canada stood at $401 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+0.6%).
Brown Rice Price in Guatemala (FOB) - 2022
In 2022, the average brown rice export price amounted to $957 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 3.7%. The export price peaked at $2,797 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,408 per ton), while the average price for exports to El Salvador ($702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-8.7%), while the prices for the other major destinations experienced a decline.
Brown Rice Imports in Guatemala
Brown rice imports into Guatemala soared to 25 tons in 2022, jumping by 216% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,120% against the previous year. As a result, imports attained the peak of 405 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, brown rice imports soared to $41K in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 890%. As a result, imports attained the peak of $187K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Brown Rice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 0.2 | 0.2 | 39.5 | 124.3% |
| Canada | N/A | N/A | N/A | 0.5 | 0% |
| Paraguay | N/A | 173 | N/A | N/A | 0% |
| Guyana | 14.8 | 6.7 | 6.5 | N/A | -33.7% |
| Brazil | N/A | 7.5 | N/A | N/A | 0% |
| Others | 0.6 | 0.4 | 0.2 | 0.5 | -5.9% |
| Total | 18.9 | 187 | 6.9 | 40.5 | 28.9% |
Top Suppliers of Brown Rice to Guatemala in 2022:
- United States (23.5 tons)
- Canada (1.3 tons)
Brown Rice Exports in Guatemala
In 2022, approx. 60 tons of husked (brown) rice were exported from Guatemala; approximately equating the previous year. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 27%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, brown rice exports expanded to $57K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Brown Rice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 28.3 | 33.0 | 40.6 | 46.1 | 17.7% |
| El Salvador | 1.9 | 3.1 | 6.5 | 7.1 | 55.2% |
| United States | 7.6 | 10.8 | 8.9 | 4.1 | -18.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 37.8 | 46.9 | 55.9 | 57.4 | 14.9% |
Top Export Markets for Brown Rice from Guatemala in 2022:
- Costa Rica (48.1 tons)
- El Salvador (10.1 tons)
- United States (1.7 tons)
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