Bigeye Tuna Price in Guatemala - 2023

Bigeye Tuna Price in Guatemala (CIF) - 2022

In 2022, the average bigeye tuna import price amounted to $2,392 per ton, picking up by 23% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Tanzania ($2,588 per ton) and Seychelles ($2,495 per ton), while the price for Brazil ($2,145 per ton) and Spain ($2,327 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Bigeye Tuna Price in Guatemala (FOB) - 2022

The average bigeye tuna export price stood at $2,400 per ton in 2022, increasing by 33% against the previous year. In general, the export price, however, saw a mild curtailment. The export price peaked at $2,903 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +29.0% per year.

Bigeye Tuna Imports in Guatemala

In 2022, the amount of bigeye tuna imported into Guatemala contracted rapidly to 1K tons, falling by -38.5% against 2021. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of 1.7K tons, and then shrank rapidly in the following year.

In value terms, bigeye tuna imports contracted remarkably to $2.5M in 2022. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports reached the peak of $3.3M, and then shrank significantly in the following year.

Import of Bigeye Tuna in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	12.4	N/A	820	1,161	354.1%
Seychelles	1,179	97.0	1,164	972	-6.2%
Brazil	659	551	N/A	192	-33.7%
Tanzania	N/A	N/A	N/A	181	0%
Hong Kong SAR	162	N/A	N/A	N/A	0%
Cote d'Ivoire	413	N/A	N/A	N/A	0%
El Salvador	N/A	1,536	1,348	N/A	-12.2%
Canada	215	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	2.7	0%
Total	2,640	2,184	3,332	2,510	-1.7%

Top Suppliers of Bigeye Tuna to Guatemala in 2022:

Spain (499.0 tons)
Seychelles (389.7 tons)
Brazil (89.7 tons)
Tanzania (70.0 tons)

Bigeye Tuna Exports in Guatemala

In 2022, approx. 52 tons of bigeye tuna were exported from Guatemala; reducing by -98.5% against 2021. In general, exports saw a precipitous decline. The smallest decline of -16.2% was in 2021.

In value terms, bigeye tuna exports shrank significantly to $125K in 2022. Overall, exports faced a dramatic decline. The smallest decline of -13.5% was in 2021.