Price for Cereal Flour; of Maize (Corn) in Guatemala - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Guatemala (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Guatemala (FOB) - 2023
- Imports of Cereal Flour; of Maize (Corn) in Guatemala
- Exports of Cereal Flour; of Maize (Corn) in Guatemala
Price for Cereal Flour; of Maize (Corn) in Guatemala (CIF) - 2023
In June 2023, the average import price for cereal flour; of maize (corn) amounted to $765 per ton, declining by -1.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 7.6% month-to-month. As a result, import price reached the peak level of $783 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($871 per ton), while the price for El Salvador amounted to $759 per ton.
From October 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%).
Price for Cereal Flour; of Maize (Corn) in Guatemala (FOB) - 2023
In June 2023, the average export price for cereal flour; of maize (corn) amounted to $977 per ton, standing approximately at the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 12% against the previous month. As a result, the export price reached the peak level of $1,056 per ton. From April 2023 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($2,680 per ton), while the average price for exports to El Salvador ($891 per ton) was amongst the lowest.
From October 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Guatemala
In 2022, the amount of cereal flour; of maize (corn) imported into Guatemala surged to 23K tons, rising by 26% on the year before. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 116%. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $17M in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 113%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 5.5 | 10.0 | 8.3 | 13.7 | 35.6% |
| United States | 1.6 | 1.2 | 1.3 | 1.7 | 2.0% |
| Mexico | 0.4 | 0.7 | 0.8 | 1.4 | 51.8% |
| Costa Rica | N/A | 2.5 | 0.2 | N/A | -92.0% |
| Honduras | 0.1 | 1.9 | 0.1 | N/A | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.6 | 16.3 | 10.6 | 16.8 | 30.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Guatemala in 2022:
- El Salvador (19.8K tons)
- Mexico (1.9K tons)
- United States (0.9K tons)
Exports of Cereal Flour; of Maize (Corn) in Guatemala
Cereal flour; of maize (corn) exports from Guatemala soared to 6.8K tons in 2022, with an increase of 68% compared with the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports soared to $5.4M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 947 | 641 | 816 | 3,319 | 51.9% |
| Honduras | 216 | 47.2 | 1,584 | 1,373 | 85.2% |
| United States | 260 | 359 | 278 | 385 | 14.0% |
| Belize | 663 | 742 | 162 | 224 | -30.4% |
| Nicaragua | 176 | N/A | N/A | N/A | 0% |
| Others | 72.3 | 29.8 | 16.9 | 100 | 11.4% |
| Total | 2,334 | 1,819 | 2,857 | 5,400 | 32.3% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Guatemala in 2022:
- El Salvador (4.3K tons)
- Honduras (2.0K tons)
- United States (0.2K tons)
- Belize (0.2K tons)
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This report provides an in-depth analysis of the cereal flour market in Guatemala.
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This report provides an in-depth analysis of the non-wheat flour market in Guatemala.
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This report provides an in-depth analysis of the global cereal flour market.
799
This report provides an in-depth analysis of the global non-wheat flour market.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
125
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
