Price for Flour, Meal, and Flakes of Potatoes in Guatemala - 2023

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Guatemala (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Guatemala (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Guatemala
4. Exports of Flour, Meal, and Flakes of Potatoes in Guatemala

Price for Flour, Meal, and Flakes of Potatoes in Guatemala (CIF) - 2022

In 2022, the average import price for flour, meal, and flakes of potatoeses amounted to $1,867 per ton, surging by 309% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,929 per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($1,951 per ton) and the United States ($1,942 per ton), while the price for Germany ($1,562 per ton) and Honduras ($1,942 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Guatemala (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $1,064 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 242%. Over the period under review, the average export prices reached the maximum at $3,339 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($3,797 per ton), while the average price for exports to Honduras ($752 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 Nicaragua (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in Guatemala

In 2022, supplies from abroad of flour, meal, and flakes of potatoeses decreased by -87.1% to 344 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 141%. As a result, imports attained the peak of 2.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour, meal, and flakes of potatoeses shrank notably to $642K in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Guatemala in 2022:

1. Germany (105.7 tons)
2. Netherlands (104.3 tons)
3. Honduras (70.2 tons)
4. United States (58.3 tons)
5. Belgium (0.6 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Guatemala

In 2022, the amount of flour, meal, and flakes of potatoeses exported from Guatemala fell significantly to 98 tons, which is down by -22% against the year before. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 200%. As a result, the exports reached the peak of 126 tons, and then dropped significantly in the following year.

In value terms, exports of flour, meal, and flakes of potatoeses dropped significantly to $104K in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 98%.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Guatemala in 2022:

1. Honduras (78.9 tons)
2. United States (7.4 tons)
3. Costa Rica (6.4 tons)
4. El Salvador (3.0 tons)
5. Belize (1.9 tons)
6. Nicaragua (0.3 tons)

Source: IndexBox Market Intelligence Platform