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Guatemala - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Guatemala - 2023
Contents:
- Palm Oil Price in Guatemala (FOB) - 2023
- Palm Oil Price in Guatemala (CIF) - 2022
- Palm Oil Exports in Guatemala
- Palm Oil Imports in Guatemala
Palm Oil Price in Guatemala (FOB) - 2023
The average palm oil export price stood at $1,012 per ton in October 2023, with a decrease of -1.7% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 6.5% m-o-m. As a result, the export price reached the peak level of $1,030 per ton, and then declined modestly in the following month.
Average prices varied somewhat for the major foreign markets. In October 2023, the highest price was recorded for prices to Nicaragua ($1,210 per ton) and Spain ($1,102 per ton), while the average price for exports to Mexico ($956 per ton) and the Netherlands ($960 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Palm Oil Price in Guatemala (CIF) - 2022
In 2022, the average palm oil import price amounted to $1,478 per ton, jumping by 41% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil import price increased by +99.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Honduras ($1,547 per ton), while the price for Panama ($892 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Oil Exports in Guatemala
Palm oil exports from Guatemala expanded remarkably to 813K tons in 2022, with an increase of 6.9% compared with the year before. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, palm oil exports surged to $920M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Palm Oil in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 87.0 | 107 | 166 | 358 | 60.2% |
Spain | 78.0 | 106 | 156 | 176 | 31.2% |
Mexico | 84.6 | 64.9 | 89.5 | 128 | 14.8% |
El Salvador | 37.5 | 44.0 | 64.9 | 81.2 | 29.4% |
Italy | 39.0 | 65.1 | 144 | 60.6 | 15.8% |
Nicaragua | 14.6 | 28.3 | 42.2 | 40.0 | 39.9% |
Honduras | 14.2 | 8.8 | 11.5 | 22.7 | 16.9% |
Germany | 9.3 | 15.8 | 12.9 | 22.2 | 33.6% |
Dominican Republic | 11.9 | 7.5 | 4.6 | 12.7 | 2.2% |
Others | 14.6 | 18.6 | 10.7 | 17.6 | 6.4% |
Total | 391 | 466 | 702 | 920 | 33.0% |
Top Export Markets for Palm Oil from Guatemala in 2022:
- Netherlands (312.2K tons)
- Spain (158.1K tons)
- Mexico (147.4K tons)
- El Salvador (57.2K tons)
- Italy (56.7K tons)
- Nicaragua (23.7K tons)
- Germany (15.8K tons)
- Honduras (15.0K tons)
- Dominican Republic (12.4K tons)
Palm Oil Imports in Guatemala
In 2022, after three years of growth, there was significant decline in overseas purchases of palm oil, when their volume decreased by -38.4% to 36K tons. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 128%. As a result, imports reached the peak of 59K tons, and then fell markedly in the following year.
In value terms, palm oil imports declined to $54M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 176%. As a result, imports reached the peak of $62M, and then shrank in the following year.
Import of Palm Oil in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 12.0 | 14.6 | 17.0 | 22.8 | 23.9% |
Peru | N/A | N/A | 3.5 | 12.0 | 242.9% |
Mexico | N/A | 0.3 | 17.2 | 10.7 | 497.2% |
Indonesia | 0.1 | 4.3 | 8.6 | 3.6 | 230.2% |
Costa Rica | 1.2 | 1.7 | 3.6 | 1.9 | 16.6% |
Nicaragua | 1.1 | 1.0 | 1.9 | 1.8 | 17.8% |
Panama | N/A | N/A | 1.9 | 0.8 | -57.9% |
Malaysia | 0.2 | 0.1 | 7.6 | N/A | 516.4% |
Others | 1.0 | 0.4 | 0.4 | 0.2 | -41.5% |
Total | 15.7 | 22.4 | 61.6 | 53.7 | 50.7% |
Top Suppliers of Palm Oil to Guatemala in 2022:
- Honduras (14.7K tons)
- Peru (7.8K tons)
- Mexico (7.2K tons)
- Indonesia (2.5K tons)
- Costa Rica (1.7K tons)
- Nicaragua (1.4K tons)
- Panama (0.9K tons)
This report provides an in-depth analysis of the palm oil 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:
- FCL 257 - Oil of palm
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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