Guatemala - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Guatemala - 2023
Contents:
- Coffee Extract Price in Guatemala (CIF) - 2022
- Coffee Extract Price in Guatemala (FOB) - 2023
- Coffee Extract Imports in Guatemala
- Coffee Extract Exports in Guatemala
Coffee Extract Price in Guatemala (CIF) - 2022
In 2022, the average coffee extract import price amounted to $4,152 per ton, surging by 25% against the previous year. In general, the import price, however, recorded a pronounced decline. The import price peaked at $6,616 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($60,929 per ton), while the price for South Korea ($1,317 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Extract Price in Guatemala (FOB) - 2023
In October 2023, the average coffee extract export price amounted to $9,045 per ton, jumping by 49% against the previous month. Overall, export price indicated a modest expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, coffee extract export price increased by +77.6% against August 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Costa Rica ($12,937 per ton), while the average price for exports to El Salvador ($7,608 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee Extract Imports in Guatemala
In 2022, after three years of growth, there was significant decline in purchases abroad of coffee extracts, essences and concentrates, when their volume decreased by -6.3% to 7.8K tons. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26%.
In value terms, coffee extract imports skyrocketed to $32M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Coffee Extract in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 11.4 | 14.9 | 18.4 | 25.8 | 31.3% |
| Colombia | 1.6 | 1.9 | 2.0 | 2.4 | 14.5% |
| Brazil | N/A | 0.5 | 3.5 | 1.7 | 84.4% |
| South Korea | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Nicaragua | 4.5 | 5.3 | 1.5 | 0.4 | -55.4% |
| Others | 2.1 | 1.5 | 2.1 | 1.7 | -6.8% |
| Total | 19.8 | 24.2 | 27.7 | 32.4 | 17.8% |
Top Suppliers of Coffee Extract to Guatemala in 2022:
- Mexico (6.5K tons)
- Colombia (0.4K tons)
- Brazil (0.3K tons)
- South Korea (0.3K tons)
- Nicaragua (0.1K tons)
Coffee Extract Exports in Guatemala
After three years of growth, shipments abroad of coffee extracts, essences and concentrates decreased by -15.1% to 336 tons in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 92%. As a result, the exports attained the peak of 396 tons, and then contracted markedly in the following year.
In value terms, coffee extract exports surged to $2.2M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Coffee Extract in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 398 | 233 | 467 | 643 | 17.3% |
| United States | 180 | 365 | 606 | 543 | 44.5% |
| Honduras | 3.9 | 21.0 | 310 | 471 | 394.3% |
| Costa Rica | 6.2 | 70.1 | 156 | 106 | 157.6% |
| Nicaragua | 30.7 | 31.3 | 108 | 106 | 51.1% |
| Belize | 86.8 | 37.4 | 56.5 | 105 | 6.6% |
| Panama | 9.6 | 5.8 | 85.5 | 76.0 | 99.3% |
| Netherlands | 29.2 | 29.0 | 43.4 | 44.2 | 14.8% |
| Others | 38.1 | 2.5 | 12.5 | 70.2 | 22.6% |
| Total | 782 | 795 | 1,844 | 2,165 | 40.4% |
Top Export Markets for Coffee Extract from Guatemala in 2022:
- United States (128.2 tons)
- El Salvador (101.9 tons)
- Honduras (41.1 tons)
- Nicaragua (20.3 tons)
- Panama (13.3 tons)
- Costa Rica (11.7 tons)
- Belize (10.4 tons)
- Netherlands (5.0 tons)
This report provides an in-depth analysis of the coffee extract market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831210 - Coffee substitutes containing coffee
- Prodcom 10831240 - Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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