Price for Meat of Bovine Animals; Fresh or Chilled in Guatemala - 2023

Contents:

1. Price for Meat of Bovine Animals; Fresh or Chilled in Guatemala (CIF) - 2022
2. Price for Meat of Bovine Animals; Fresh or Chilled in Guatemala (FOB) - 2022
3. Imports of Meat of Bovine Animals; Fresh or Chilled in Guatemala
4. Exports of Meat of Bovine Animals; Fresh or Chilled in Guatemala

Price for Meat of Bovine Animals; Fresh or Chilled in Guatemala (CIF) - 2022

In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $6,705 per ton, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 an increase of 22%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,133 per ton), while the price for Nicaragua amounted to $5,396 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Meat of Bovine Animals; Fresh or Chilled in Guatemala (FOB) - 2022

In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $2,477 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 32% against the previous year. As a result, the export price attained the peak level of $5,123 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($2,953 per ton), while the average price for exports to El Salvador amounted to $2,050 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+221.0%).

Imports of Meat of Bovine Animals; Fresh or Chilled in Guatemala

In 2022, the amount of meat of bovine animals; fresh or chilled imported into Guatemala reduced to 4.5K tons, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports showed a slight setback. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year.

In value terms, imports of meat of bovine animals; fresh or chilled expanded rapidly to $30M in 2022. In general, imports, however, showed a relatively flat trend pattern. 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 immediate term.

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Guatemala in 2022:

1. Nicaragua (3.2K tons)
2. United States (1.2K tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Guatemala

In 2022, exports of meat of bovine animals; fresh or chilled from Guatemala dropped dramatically to 7.5 tons, with a decrease of -50% compared with 2021. In general, exports recorded a precipitous decline.

In value terms, exports of meat of bovine animals; fresh or chilled dropped sharply to $19K in 2022. Overall, exports recorded a dramatic decline.

Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Guatemala in 2022:

1. El Salvador (4.0 tons)
2. Dominican Republic (3.5 tons)

Source: IndexBox Market Intelligence Platform