Price for Cereal Groats; Meal and Pellets in Guatemala - 2023

Contents:

1. Price for Cereal Groats; Meal and Pellets in Guatemala (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Guatemala (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Guatemala
4. Exports of Cereal Groats; Meal and Pellets in Guatemala

Price for Cereal Groats; Meal and Pellets in Guatemala (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $674 per ton in 2022, increasing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($772 per ton) and the Dominican Republic ($690 per ton), while the price for El Salvador ($529 per ton) and Mexico ($661 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Guatemala (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $623 per ton in 2022, increasing by 29% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $635 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($877 per ton) and Nicaragua ($867 per ton), while the average price for exports to El Salvador ($585 per ton) and Costa Rica ($615 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats; Meal and Pellets in Guatemala

In 2022, purchases abroad of cereal groats; meal and pelletses decreased by -31.8% to 11K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 3.1%. As a result, imports reached the peak of 27K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cereal groats; meal and pellets imports contracted to $7.4M in 2022. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 3.9%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Cereal Groats; Meal and Pellets to Guatemala in 2022:

1. Dominican Republic (6.1K tons)
2. Mexico (4.6K tons)
3. El Salvador (0.2K tons)

Exports of Cereal Groats; Meal and Pellets in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas shipments of cereal groats; meal and pelletses, which increased by 177% to 1.5K tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports surged to $944K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats; Meal and Pellets from Guatemala in 2022:

1. El Salvador (944.6 tons)
2. Costa Rica (545.8 tons)
3. United States (17.1 tons)

Source: IndexBox Market Intelligence Platform