Concentrated Orange Juice Price in Guatemala - 2023
Contents:
- Concentrated Orange Juice Price in Guatemala (FOB) - 2023
- Concentrated Orange Juice Price in Guatemala (CIF) - 2023
- Concentrated Orange Juice Exports in Guatemala
- Concentrated Orange Juice Imports in Guatemala
Concentrated Orange Juice Price in Guatemala (FOB) - 2023
In October 2023, the average concentrated orange juice export price amounted to $1,859 per ton, declining by -21% against the previous month. Over the period under review, the export price saw a pronounced descent. The pace of growth was the most pronounced in January 2023 an increase of 366% m-o-m. As a result, the export price attained the peak level of $11,445 per ton. From February 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was El Salvador ($3,638 per ton), while the average price for exports to the United States totaled $1,819 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Concentrated Orange Juice Price in Guatemala (CIF) - 2023
The average concentrated orange juice import price stood at $2,183 per ton in October 2023, with a decrease of -8.4% against the previous month. Overall, import price indicated noticeable growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, concentrated orange juice import price decreased by -9.4% against August 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 62% m-o-m. The import price peaked at $3,409 per ton in January 2023; however, from February 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Costa Rica ($3,835 per ton), while the price for Honduras ($619 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Concentrated Orange Juice Exports in Guatemala
In 2022, approx. 1.5K tons of concentrated orange juice were exported from Guatemala; growing by 34% compared with 2021 figures. Overall, exports, however, recorded a noticeable curtailment.
In value terms, concentrated orange juice exports surged to $3.5M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Concentrated Orange Juice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,743 | 1,250 | 1,340 | 3,156 | 21.9% |
| El Salvador | 124 | 115 | 152 | 162 | 9.3% |
| Honduras | 47.3 | 9.8 | N/A | 109 | 32.1% |
| Others | 41.4 | 40.6 | 62.6 | 55.8 | 10.5% |
| Total | 1,956 | 1,416 | 1,555 | 3,483 | 21.2% |
Top Export Markets for Concentrated Orange Juice from Guatemala in 2022:
- United States (1375.9 tons)
- El Salvador (51.2 tons)
- Honduras (44.1 tons)
Concentrated Orange Juice Imports in Guatemala
In 2022, the amount of concentrated orange juice imported into Guatemala rose notably to 1.8K tons, surging by 6% on 2021. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, concentrated orange juice imports soared to $3.1M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +47.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Concentrated Orange Juice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,106 | 1,255 | 1,250 | 1,896 | 19.7% |
| Honduras | 375 | 416 | 332 | 349 | -2.4% |
| Costa Rica | 45.7 | 78.7 | 251 | 300 | 87.2% |
| Brazil | N/A | 50.6 | 36.7 | 274 | 132.7% |
| United States | 374 | 286 | 320 | 185 | -20.9% |
| Others | 236 | 40.3 | 95.8 | 130 | -18.0% |
| Total | 2,137 | 2,126 | 2,285 | 3,134 | 13.6% |
Top Suppliers of Concentrated Orange Juice to Guatemala in 2022:
- Mexico (779.3 tons)
- Honduras (570.6 tons)
- United States (137.0 tons)
- Brazil (116.2 tons)
- Costa Rica (98.2 tons)
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