Price for Vegetable Saps and Extracts; of Hops in Guatemala - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Guatemala (CIF) - 2023
2. Price for Vegetable Saps and Extracts; of Hops in Guatemala (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Guatemala
4. Exports of Vegetable Saps and Extracts; of Hops in Guatemala

Price for Vegetable Saps and Extracts; of Hops in Guatemala (CIF) - 2023

The average import price for vegetable saps and extracts; of hopses stood at $36,608 per ton in November 2023, remaining relatively unchanged against the previous month. In general, the import price showed a mild expansion. The pace of growth appeared the most rapid in January 2023 an increase of 147% m-o-m. As a result, import price attained the peak level of $80,159 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to +1.1% per month.

Price for Vegetable Saps and Extracts; of Hops in Guatemala (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $29,911 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 69%. Over the period under review, the average export prices reached the maximum at $30,300 per ton in 2021, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2013 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +1.8% per year.

Imports of Vegetable Saps and Extracts; of Hops in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas purchases of vegetable saps and extracts; of hopses, which increased by 2.1% to 75 tons in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vegetable saps and extracts; of hopses amounted to $2.7M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Guatemala in 2022:

1. United States (63.6 tons)
2. Germany (11.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in Guatemala

In 2022, after two years of growth, there was significant decline in shipments abroad of vegetable saps and extracts; of hopses, when their volume decreased by -35.3% to 496 kg. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 242% against the previous year. As a result, the exports reached the peak of 767 kg, and then declined sharply in the following year.

In value terms, exports of vegetable saps and extracts; of hopses dropped rapidly to $15K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 261% against the previous year. As a result, the exports reached the peak of $23K, and then declined remarkably in the following year.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Guatemala in 2022:

1. Spain (298.0 kg)

Source: IndexBox Market Intelligence Platform