Non-Liquid Margarine Price in Guatemala - 2023

Contents:

1. Non-Liquid Margarine Price in Guatemala (CIF) - 2023
2. Non-Liquid Margarine Price in Guatemala (FOB) - 2023
3. Non-Liquid Margarine Imports in Guatemala
4. Non-Liquid Margarine Exports in Guatemala

Non-Liquid Margarine Price in Guatemala (CIF) - 2023

In October 2023, the average non-liquid margarine import price amounted to $1,411 per ton, shrinking by -12.2% against the previous month. Overall, the import price saw a noticeable decline. The pace of growth appeared the most rapid in March 2023 an increase of 20% against the previous month. Over the period under review, average import prices hit record highs at $2,323 per ton in December 2022; however, from January 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 the United States ($4,248 per ton), while the price for Honduras amounted to $1,232 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Colombia (+1.5%), while the prices for the other major suppliers experienced a decline.

Non-Liquid Margarine Price in Guatemala (FOB) - 2023

In October 2023, the average non-liquid margarine export price amounted to $1,811 per ton, approximately equating the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 6.2% m-o-m. As a result, the export price reached the peak level of $1,883 per ton. From September 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 Nicaragua ($2,047 per ton), while the average price for exports to Mexico ($1,206 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 El Salvador (+1.0%), while the prices for the other major destinations experienced a decline.

Non-Liquid Margarine Imports in Guatemala

In 2022, overseas purchases of non-liquid margarine decreased by -8.3% to 7.8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 9.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-liquid margarine imports reached $16M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 75%. As a result, imports attained the peak of $17M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Non-Liquid Margarine to Guatemala in 2022:

1. El Salvador (4.1K tons)
2. Honduras (3.2K tons)
3. United States (0.4K tons)

Non-Liquid Margarine Exports in Guatemala

Non-liquid margarine exports from Guatemala contracted to 7.3K tons in 2022, which is down by -3.7% on the previous year. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of 7.6K tons, and then contracted modestly in the following year.

In value terms, non-liquid margarine exports soared to $13M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +63.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from Guatemala in 2022:

1. El Salvador (2685.5 tons)
2. Nicaragua (1401.9 tons)
3. Costa Rica (1258.5 tons)
4. Honduras (1218.1 tons)
5. Dominican Republic (338.2 tons)
6. United States (174.8 tons)
7. Mexico (139.3 tons)

Source: IndexBox Market Intelligence Platform