Price for Cereals; Maize (Corn), Seed in Guatemala - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Guatemala (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Guatemala (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Guatemala
- Exports of Cereals; Maize (Corn), Seed in Guatemala
Price for Cereals; Maize (Corn), Seed in Guatemala (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $5,595 per ton, surging by 4.9% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed import price increased by +11.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 22%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 the United States ($9,636 per ton), while the price for Mexico ($5,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Guatemala (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,610 per ton, rising by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2016 an increase of 48%. As a result, the export price reached the peak level of $4,432 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($5,788 per ton), while the average price for exports to El Salvador ($2,707 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 the Netherlands (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Guatemala
For the fourth year in a row, Guatemala recorded growth in purchases abroad of cereals; maize (corn), seeds, which increased by 24% to 2.6K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereals; maize (corn), seed imports skyrocketed to $14M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.0 | 7.5 | 8.6 | 10.5 | 20.5% |
| Brazil | 0.6 | 0.6 | 1.6 | 2.4 | 58.7% |
| Thailand | 0.1 | 0.2 | 0.2 | 0.9 | 108.0% |
| United States | 1.2 | 1.8 | 0.3 | 0.1 | -56.3% |
| Others | N/A | 0.1 | 0.4 | 0.4 | 100.0% |
| Total | 8.0 | 10.2 | 11.1 | 14.4 | 21.6% |
Top Suppliers of Cereals; Maize (Corn), Seed to Guatemala in 2022:
- Mexico (2050.1 tons)
- Brazil (368.6 tons)
- Thailand (139.4 tons)
- United States (12.9 tons)
Exports of Cereals; Maize (Corn), Seed in Guatemala
For the fourth consecutive year, Guatemala recorded growth in shipments abroad of cereals; maize (corn), seeds, which increased by 818% to 3.1K tons in 2022. Over the period under review, 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, cereals; maize (corn), seed exports surged to $11M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 0.1 | 7,916 | 7915900.0% |
| El Salvador | 174 | 266 | 274 | 2,045 | 127.4% |
| Honduras | 436 | 299 | 443 | 416 | -1.6% |
| Costa Rica | 143 | 195 | 167 | 141 | -0.5% |
| Mexico | N/A | 105 | 75.8 | 123 | 8.2% |
| Nicaragua | 78.8 | 76.4 | 53.1 | 68.5 | -4.6% |
| Others | 77.2 | 72.1 | 180 | 512 | 87.9% |
| Total | 909 | 1,014 | 1,194 | 11,222 | 131.1% |
Top Export Markets for Cereals; Maize (Corn), Seed from Guatemala in 2022:
- Netherlands (2054.8 tons)
- El Salvador (755.3 tons)
- Honduras (88.3 tons)
- Mexico (31.5 tons)
- Costa Rica (29.0 tons)
- Nicaragua (17.8 tons)
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This report provides an in-depth analysis of the maize market in Guatemala.
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This report provides an in-depth analysis of the grain market in Guatemala.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Guatemala.
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This report provides an in-depth analysis of the global maize market.
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Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
