Price for Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala - 2023

Contents:

  1. Price for Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (CIF) - 2022
  2. Price for Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (FOB) - 2022
  3. Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala
  4. Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala

Price for Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (CIF) - 2022

The average import price for buckwheat, millet and canary seed; other cerealses stood at $951 per ton in 2022, jumping by 17% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for buckwheat, millet and canary seed; other cerealses decreased by -21.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 82% against the previous year. The import price peaked at $1,218 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($2,926 per ton), while the price for Ukraine ($443 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (FOB) - 2022

The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,494 per ton in 2022, dropping by -34% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 58%. The export price peaked at $2,264 per ton in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,254 per ton), while the average price for exports to Nicaragua ($257 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 Nicaragua (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala

For the fourth year in a row, Guatemala recorded growth in purchases abroad of buckwheat, millet and canary seed; other cerealses, which increased by 30% to 2.6K tons in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 83%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of buckwheat, millet and canary seed; other cerealses skyrocketed to $2.5M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada5586908331,39235.6%
United States4634963425012.7%
Peru48.647.113918756.7%
ArgentinaN/AN/AN/A1750%
UkraineN/A22.3195117129.1%
ChinaN/AN/AN/A59.60%
Others9.177.111850.977.5%
Total1,0781,3321,6282,48232.0%

Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Guatemala in 2022:

  1. Canada (1379.7 tons)
  2. United States (649.5 tons)
  3. Ukraine (265.0 tons)
  4. Argentina (188.9 tons)
  5. Peru (63.8 tons)
  6. China (50.0 tons)

Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala

Exports of buckwheat, millet and canary seed; other cerealses from Guatemala skyrocketed to 68 tons in 2022, jumping by 127% on 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of buckwheat, millet and canary seed; other cerealses soared to $101K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Buckwheat, Millet and Canary Seed; Other Cereals in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama17.731.540.353.744.8%
Honduras10.14.49.023.031.6%
United States11.213.514.815.912.4%
Nicaragua3.73.23.48.833.5%
OthersN/AN/A0.3N/A0%
Total42.852.667.810133.1%

Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Guatemala in 2022:

  1. Nicaragua (34.2 tons)
  2. Panama (18.2 tons)
  3. Honduras (10.5 tons)
  4. United States (4.9 tons)

Source: IndexBox Market Intelligence Platform

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