Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala - 2023

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (CIF) - 2022
  2. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (FOB) - 2022
  3. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala
  4. Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (CIF) - 2022

In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,312 per ton, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($10,540 per ton), while the price for El Salvador ($1,584 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (FOB) - 2022

The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,364 per ton in 2022, growing by 9.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 82%. As a result, the export price reached the peak level of $3,273 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.1% per year.

Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala

In 2022, supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -28% to 903 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s contracted to $2.1M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17%.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico1,4982,1541,6001,7154.6%
El Salvador31.053.4N/A22292.8%
Peru234N/A15.3145-14.7%
Ecuador18432.5113N/A-21.6%
ChileN/AN/A638N/A0%
Honduras30.241.3N/AN/A36.8%
Others77.211681.46.3-56.6%
Total2,0552,3972,4482,0880.5%

Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Guatemala in 2022:

  1. Mexico (746.2 tons)
  2. El Salvador (140.0 tons)
  3. Peru (13.7 tons)

Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala

After three years of growth, overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -22.6% to 152 tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 388%.

In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped remarkably to $207K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 382% against the previous year.

Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain27.813324519591.4%
OthersN/A0.9N/A11.9263.6%
Total27.813424520795.3%

Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Guatemala in 2022:

  1. Spain (150.8 tons)

Source: IndexBox Market Intelligence Platform

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