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Guatemala - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaize Starch Price in Guatemala - 2023
Contents:
- Maize Starch Price in Guatemala (CIF) - 2023
- Maize Starch Price in Guatemala (FOB) - 2022
- Maize Starch Imports in Guatemala
- Maize Starch Exports in Guatemala
Maize Starch Price in Guatemala (CIF) - 2023
The average maize starch import price stood at $735 per ton in October 2023, leveling off at the previous month. Overall, the import price, however, saw a slight reduction. The pace of growth was the most pronounced in May 2023 an increase of 10% month-to-month. As a result, import price attained the peak level of $926 per ton. From June 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($1,224 per ton), while the price for Brazil ($577 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Maize Starch Price in Guatemala (FOB) - 2022
In 2022, the average maize starch export price amounted to $1,349 per ton, jumping by 21% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,406 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,629 per ton), while the average price for exports to Panama ($968 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Starch Imports in Guatemala
In 2022, overseas purchases of maize (corn) starch decreased by -8.8% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.8% against the previous year. As a result, imports reached the peak of 22K tons, and then reduced in the following year.
In value terms, maize starch imports soared to $17M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Maize Starch in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 6.4 | 4.5 | 5.5 | 6.7 | 1.5% |
Brazil | 0.6 | 2.8 | 3.6 | 3.4 | 78.3% |
Argentina | 0.6 | 0.2 | 1.3 | 1.8 | 44.2% |
Turkey | 0.7 | 0.7 | 0.9 | 1.4 | 26.0% |
China | 0.2 | 0.5 | 0.1 | 1.1 | 76.5% |
Serbia | N/A | N/A | 0.1 | 0.7 | 600.0% |
United States | 0.6 | 0.3 | 0.3 | 0.6 | 0.0% |
Chile | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
Ukraine | N/A | N/A | 0.6 | 0.1 | -83.3% |
Croatia | 0.8 | 0.3 | 0.4 | N/A | -29.3% |
Panama | 0.4 | 0.9 | 0.1 | N/A | -50.0% |
Others | 0.2 | 0.3 | 0.2 | 0.9 | 65.1% |
Total | 10.6 | 10.7 | 13.5 | 16.9 | 16.8% |
Top Suppliers of Maize Starch to Guatemala in 2022:
- Mexico (8.6K tons)
- Brazil (3.8K tons)
- Argentina (2.2K tons)
- Turkey (1.6K tons)
- China (1.3K tons)
- Serbia (0.8K tons)
- United States (0.6K tons)
- Chile (0.3K tons)
- Ukraine (0.2K tons)
Maize Starch Exports in Guatemala
In 2022, exports of maize (corn) starch from Guatemala surged to 1.2K tons, jumping by 64% compared with the previous year's figure. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize starch exports skyrocketed to $1.7M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Maize Starch in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 341 | 520 | 132 | 550 | 17.3% |
El Salvador | 37.8 | 50.6 | 95.8 | 421 | 123.3% |
Honduras | 193 | 248 | 341 | 308 | 16.9% |
United States | N/A | N/A | N/A | 201 | 0% |
Panama | 95.8 | 32.3 | 134 | 113 | 5.7% |
Nicaragua | 4.1 | 45.2 | 39.6 | 56.1 | 139.2% |
Peru | N/A | N/A | 87.0 | N/A | 0% |
Others | 15.0 | 20.6 | 9.6 | 17.3 | 4.9% |
Total | 686 | 916 | 839 | 1,667 | 34.4% |
Top Export Markets for Maize Starch from Guatemala in 2022:
- Costa Rica (499.2 tons)
- El Salvador (356.5 tons)
- Honduras (148.0 tons)
- Panama (116.9 tons)
- United States (55.4 tons)
- Nicaragua (44.5 tons)
This report provides an in-depth analysis of the maize starch market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621113 - Maize (corn) starch
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
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