Frozen Yellowfin Tuna Price in Guatemala - 2023

Frozen Yellowfin Tuna Price in Guatemala (CIF) - 2022

In 2022, the average frozen yellowfin tuna import price amounted to $2,346 per ton, with an increase of 13% against the previous year. Overall, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2020 an increase of 13% against the previous year. The import price peaked at $2,817 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($2,503 per ton) and Tanzania ($2,454 per ton), while the price for Brazil ($2,180 per ton) and Venezuela ($2,265 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Seychelles (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Frozen Yellowfin Tuna Price in Guatemala (FOB) - 2022

The average frozen yellowfin tuna export price stood at $2,861 per ton in 2022, with an increase of 19% against the previous year. Over the period from 2018 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($3,329 per ton), while the average price for exports to Spain ($2,701 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+26.1%).

Frozen Yellowfin Tuna Imports in Guatemala

In 2022, purchases abroad of frozen yellowfin tuna decreased by -27.2% to 12K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 33%.

In value terms, frozen yellowfin tuna imports dropped remarkably to $29M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 50%.

Import of Frozen Yellowfin Tuna in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	12.4	21.3	17.8	10.5	-5.4%
Panama	4.7	7.5	8.8	9.1	24.6%
Spain	N/A	N/A	5.3	3.5	-34.0%
Seychelles	0.7	N/A	1.9	2.7	56.8%
Tanzania	N/A	N/A	N/A	2.3	0%
Brazil	3.2	2.5	N/A	0.9	-34.5%
Others	0.4	0.8	1.7	N/A	106.2%
Total	21.4	32.1	35.4	29.1	10.8%

Top Suppliers of Frozen Yellowfin Tuna to Guatemala in 2022:

Venezuela (4.6K tons)
Panama (3.9K tons)
Spain (1.4K tons)
Seychelles (1.1K tons)
Tanzania (1.0K tons)
Brazil (0.4K tons)

Frozen Yellowfin Tuna Exports in Guatemala

Frozen yellowfin tuna exports from Guatemala surged to 4.3K tons in 2022, growing by 158% on 2021 figures. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna exports soared to $12M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.