Price for Protein; Concentrates and Textured Protein Substances in Guatemala - 2024

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Guatemala (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in Guatemala (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Guatemala
4. Exports of Protein; Concentrates and Textured Protein Substances in Guatemala

Price for Protein; Concentrates and Textured Protein Substances in Guatemala (CIF) - 2022

In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $2,713 per ton, with an increase of 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $2,879 per ton in 2014; however, from 2015 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 Spain ($4,787 per ton), while the price for Mexico ($1,332 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in Guatemala (FOB) - 2022

In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $2,489 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $3,233 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($3,951 per ton), while the average price for exports to Panama ($1,352 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 United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in Guatemala

Imports of protein; concentrates and textured protein substanceses into Guatemala surged to 5.8K tons in 2022, increasing by 18% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $16M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Guatemala in 2022:

1. United States (2365.9 tons)
2. Brazil (1221.5 tons)
3. Argentina (1063.0 tons)
4. Mexico (696.1 tons)
5. China (182.6 tons)
6. Spain (110.9 tons)
7. Honduras (89.5 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Guatemala

In 2022, after three years of growth, there was decline in shipments abroad of protein; concentrates and textured protein substanceses, when their volume decreased by -2.3% to 220 tons. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.

In value terms, exports of protein; concentrates and textured protein substanceses reduced modestly to $547K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Guatemala in 2022:

1. Honduras (85.4 tons)
2. El Salvador (78.2 tons)
3. Costa Rica (23.5 tons)
4. Panama (19.5 tons)
5. Nicaragua (9.6 tons)
6. United States (3.6 tons)

Source: IndexBox Market Intelligence Platform