Price for Food Preparations Not Elsewhere Specified or Included in Guatemala - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Guatemala (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Guatemala (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Guatemala
- Exports of Food Preparations Not Elsewhere Specified or Included in Guatemala
Price for Food Preparations Not Elsewhere Specified or Included in Guatemala (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $9,505 per ton, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($38,629 per ton), while the price for Argentina ($1,714 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Guatemala (FOB) - 2023
The average export price for food preparations not elsewhere specified or included stood at $10,575 per ton in December 2023, with an increase of 31% against the previous month. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 119% against the previous month. The export price peaked in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Honduras ($25,544 per ton), while the average price for exports to Mexico ($928 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Guatemala
In 2022, the amount of food preparations not elsewhere specified or included imported into Guatemala totaled 43K tons, picking up by 4.8% against the year before. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of food preparations not elsewhere specified or included soared to $411M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 94.9 | 109 | 127 | 160 | 19.0% |
| United States | 54.2 | 52.3 | 75.5 | 91.1 | 18.9% |
| Mexico | 28.8 | 23.2 | 26.7 | 36.2 | 7.9% |
| Netherlands | 0.8 | 2.2 | 7.9 | 21.4 | 199.1% |
| Colombia | 9.8 | 4.3 | 7.8 | 10.1 | 1.0% |
| Singapore | 0.2 | 5.9 | 5.8 | 6.9 | 225.5% |
| China | 2.1 | 2.4 | 3.6 | 5.8 | 40.3% |
| El Salvador | 14.7 | 17.5 | 15.5 | 5.7 | -27.1% |
| Germany | 5.5 | 4.0 | 5.1 | 5.6 | 0.6% |
| Brazil | 0.9 | 2.8 | 2.6 | 5.5 | 82.8% |
| Belgium | 1.3 | 12.3 | 15.2 | 3.1 | 33.6% |
| Argentina | 0.6 | 0.9 | 1.3 | 1.9 | 46.8% |
| Others | 47.3 | 31.4 | 43.7 | 57.6 | 6.8% |
| Total | 261 | 268 | 338 | 411 | 16.3% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Guatemala in 2022:
- United States (14.0K tons)
- Mexico (8.9K tons)
- Costa Rica (4.1K tons)
- Colombia (1.9K tons)
- China (1.8K tons)
- Brazil (1.7K tons)
- Netherlands (1.6K tons)
- Belgium (1.6K tons)
- Argentina (1.1K tons)
- Germany (1.0K tons)
- Singapore (0.7K tons)
- El Salvador (0.7K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Guatemala
In 2022, overseas shipments of food preparations not elsewhere specified or included decreased by -25% to 32K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 210%. As a result, the exports reached the peak of 51K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of food preparations not elsewhere specified or included reduced to $63M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. As a result, the exports attained the peak of $78M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 12.5 | 12.3 | 17.0 | 19.1 | 15.2% |
| Mexico | 5.2 | 37.8 | 24.9 | 12.3 | 33.2% |
| El Salvador | 10.4 | 8.9 | 10.9 | 9.8 | -2.0% |
| Nicaragua | 7.3 | 8.7 | 7.3 | 7.4 | 0.5% |
| United States | 2.7 | 3.7 | 3.5 | 3.8 | 12.1% |
| Dominican Republic | 1.1 | 1.9 | 4.0 | 3.7 | 49.8% |
| Costa Rica | 1.8 | 1.5 | 3.2 | 1.6 | -3.9% |
| Others | 4.6 | 3.1 | 3.3 | 5.4 | 5.5% |
| Total | 45.6 | 77.8 | 74.2 | 63.2 | 11.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Guatemala in 2022:
- Mexico (22.7K tons)
- Dominican Republic (3.3K tons)
- Honduras (1.7K tons)
- El Salvador (1.6K tons)
- United States (1.0K tons)
- Nicaragua (1.0K tons)
- Costa Rica (0.4K tons)
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