Price for Flours and Meals; of Soya Beans in Guatemala - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Guatemala (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Guatemala (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Guatemala
4. Exports of Flours and Meals; of Soya Beans in Guatemala

Price for Flours and Meals; of Soya Beans in Guatemala (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,205 per ton, jumping by 1,559% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($1,365 per ton) and Mexico ($1,346 per ton), while the price for Honduras ($1,192 per ton) and the United States ($1,192 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+2,738.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Guatemala (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $1,935 per ton in 2022, waning by -46.3% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of 337%. The export price peaked at $3,601 per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,119 per ton), while the average price for exports to Honduras amounted to $1,230 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Guatemala

In 2022, after three years of growth, there was significant decline in overseas purchases of flours and meals; of soya beanses, when their volume decreased by -83% to 770 tons. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 476%.

In value terms, imports of flours and meals; of soya beanses soared to $928K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 424% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Flours and Meals; of Soya Beans to Guatemala in 2022:

1. United States (409.8 tons)
2. Honduras (300.4 tons)
3. Argentina (38.7 tons)
4. Mexico (21.0 tons)

Exports of Flours and Meals; of Soya Beans in Guatemala

In 2022, exports of flours and meals; of soya beanses from Guatemala skyrocketed to 125 tons, growing by 2,175% on 2021. Overall, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flours and meals; of soya beanses soared to $242K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flours and Meals; of Soya Beans from Guatemala in 2022:

1. United States (98.7 tons)
2. Honduras (25.7 tons)

Source: IndexBox Market Intelligence Platform