Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala - 2024

Contents:

1. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala (FOB) - 2022
2. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala (CIF) - 2022
3. Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala
4. Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala

Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala (FOB) - 2022

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $33,413 per ton in 2022, with an increase of 11% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses increased by +86.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($38,231 per ton), while the average price for exports to Honduras ($5,192 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 Honduras (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala (CIF) - 2022

In 2022, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $19,445 per ton, surging by 7.2% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses increased by +18.0% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 62% against the previous year. The import price peaked at $23,537 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 South Africa ($41,366 per ton), while the price for Belize ($6,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+85.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala

In 2022, shipments abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -9% to 31 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $1M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from Guatemala in 2022:

1. France (22.2 tons)
2. Japan (3.1 tons)
3. United States (2.6 tons)
4. Honduras (1.3 tons)
5. Australia (1.2 tons)

Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Guatemala

After three years of growth, purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -27.1% to 4.7 tons in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports reached the peak of 6.4 tons, and then dropped markedly in the following year.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank significantly to $91K in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $116K, and then shrank sharply in the following year.

Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to Guatemala in 2022:

1. Belize (1826.0 kg)
2. United States (1111.0 kg)
3. South Africa (721.0 kg)
4. Mexico (427.0 kg)
5. Spain (244.0 kg)
6. Germany (234.0 kg)
7. China (87.0 kg)

Source: IndexBox Market Intelligence Platform