Price for Cereals; Grain Sorghum, Seed in Guatemala - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Guatemala (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Guatemala (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Guatemala
- Exports of Cereals; Grain Sorghum, Seed in Guatemala
Price for Cereals; Grain Sorghum, Seed in Guatemala (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $4,300 per ton in 2022, rising by 5% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; grain sorghum, seed import price decreased by +0.8% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +3.0% per year.
Price for Cereals; Grain Sorghum, Seed in Guatemala (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $6,517 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 104%. Over the period under review, the average export prices reached the maximum at $7,810 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($7,294 per ton), while the average price for exports to Belize totaled $5,417 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Grain Sorghum, Seed in Guatemala
In 2022, cereals; grain sorghum, seed imports into Guatemala skyrocketed to 13 tons, rising by 561% against the previous year. Over the period under review, imports posted a significant increase.
In value terms, cereals; grain sorghum, seed imports soared to $55K in 2022. In general, imports posted significant growth.
| Import of Cereals; Grain Sorghum, Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 12.4 | 0.6 | 54.8 | 125.2% |
| Mexico | 16.6 | 70.0 | 7.2 | N/A | -34.1% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 21.3 | 82.5 | 7.9 | 54.8 | 37.0% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Guatemala in 2022:
- United States (12.7 tons)
Exports of Cereals; Grain Sorghum, Seed in Guatemala
In 2022, exports of cereals; grain sorghum, seeds from Guatemala totaled 522 kg, almost unchanged from the previous year's figure. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year.
In value terms, cereals; grain sorghum, seed exports reached $3.4K in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Cereals; Grain Sorghum, Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 1.1 | 1.6 | 2.0 | 2.2 | 26.0% |
| Belize | 2.3 | 1.3 | 1.3 | 1.2 | -19.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 3.0 | 3.4 | 3.4 | 0.0% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Guatemala in 2022:
- El Salvador (306.0 kg)
- Belize (216.0 kg)
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