Ester Gums Price in Guatemala - 2023
Contents:
- Ester Gums Price in Guatemala (CIF) - 2022
- Ester Gums Price in Guatemala (FOB) - 2022
- Ester Gums Imports in Guatemala
- Ester Gums Exports in Guatemala
Ester Gums Price in Guatemala (CIF) - 2022
The average ester gums import price stood at $2,990 per ton in 2022, increasing by 38% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. Over the period under review, average import prices reached the maximum at $3,038 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($4,574 per ton), while the price for Brazil ($2,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Ester Gums Price in Guatemala (FOB) - 2022
The average ester gums export price stood at $3,988 per ton in 2022, rising by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($4,397 per ton), while the average price for exports to Honduras amounted to $3,730 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Ester Gums Imports in Guatemala
After three years of growth, purchases abroad of ester gumses decreased by -2.4% to 99 tons in 2022. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, ester gums imports soared to $295K in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Ester Gums in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 91.7 | 103 | 161 | 185 | 26.4% |
| United States | 14.2 | 5.4 | 46.3 | 94.6 | 88.2% |
| Mexico | N/A | N/A | 9.1 | 12.5 | 37.4% |
| Hong Kong SAR | 18.7 | 19.4 | N/A | N/A | 3.7% |
| Others | 2.2 | N/A | 2.4 | 3.0 | 10.9% |
| Total | 127 | 128 | 219 | 295 | 32.4% |
Top Suppliers of Ester Gums to Guatemala in 2022:
- Brazil (69.2 tons)
- United States (25.6 tons)
- Mexico (2.7 tons)
Ester Gums Exports in Guatemala
Ester gums exports from Guatemala reduced rapidly to 7.1 tons in 2022, waning by -44.4% against the previous year. Overall, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%.
In value terms, ester gums exports shrank rapidly to $28K in 2022. In general, exports faced a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports attained the peak of $40K, and then contracted sharply in the following year.
| Export of Ester Gums in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 25.4 | 19.0 | 31.5 | 16.3 | -13.7% |
| Costa Rica | 7.3 | 5.3 | 8.9 | 12.1 | 18.3% |
| Nicaragua | 3.0 | N/A | N/A | N/A | 0% |
| El Salvador | 2.4 | 6.5 | N/A | N/A | 170.8% |
| Others | 1.9 | N/A | N/A | N/A | 0% |
| Total | 40.1 | 30.8 | 40.4 | 28.4 | -10.9% |
Top Export Markets for Ester Gums from Guatemala in 2022:
- Honduras (4.4 tons)
- Costa Rica (2.8 tons)
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