Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (FOB) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (CIF) - 2022
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (FOB) - 2023
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $521 per ton in October 2023, rising by 5.5% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 7.8% month-to-month. Over the period under review, the average export prices hit record highs at $562 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($803 per ton), while the average price for exports to Spain ($428 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $3,684 per ton in 2022, with an increase of 278% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($7,983 per ton), while the price for the United States ($3,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala
In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 24% to 927K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a noticeable curtailment.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $450M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 74.9 | 66.5 | 43.4 | 82.9 | 3.4% |
| Mauritania | 55.8 | 16.0 | 7.6 | 78.7 | 12.1% |
| United States | 36.2 | 43.3 | 31.2 | 44.1 | 6.8% |
| Cote d'Ivoire | 13.2 | 24.0 | 59.8 | 28.7 | 29.5% |
| Colombia | 4.0 | 2.1 | 2.6 | 26.5 | 87.8% |
| Taiwan (Chinese) | 10.1 | 12.2 | 18.5 | 21.7 | 29.0% |
| Peru | 4.8 | 8.3 | 8.3 | 21.5 | 64.8% |
| Jamaica | 16.4 | 16.1 | 20.6 | 20.1 | 7.0% |
| Trinidad and Tobago | 12.2 | 9.9 | 9.4 | 13.5 | 3.4% |
| Venezuela | 0.8 | 3.7 | 0.9 | 13.1 | 153.9% |
| Tunisia | N/A | 8.6 | N/A | 13.0 | 22.9% |
| Haiti | 16.3 | 16.4 | 19.0 | 12.5 | -8.5% |
| Italy | 9.7 | 5.2 | 4.5 | 7.7 | -7.4% |
| Others | 116 | 79.3 | 85.9 | 65.8 | -17.2% |
| Total | 370 | 312 | 312 | 450 | 6.7% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Guatemala in 2022:
- Mauritania (174.7K tons)
- Chile (173.5K tons)
- United States (72.1K tons)
- Cote d'Ivoire (64.0K tons)
- Colombia (53.0K tons)
- Peru (46.0K tons)
- Jamaica (44.1K tons)
- Taiwan (Chinese) (41.8K tons)
- Trinidad and Tobago (29.5K tons)
- Tunisia (26.7K tons)
- Haiti (25.5K tons)
- Venezuela (25.1K tons)
- Italy (15.2K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala
In 2022, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -99.5% to 8.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 336%. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped sharply to $32K in 2022. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 169%. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.1 | 52.6 | 30.4 | 28.9 | -13.8% |
| Netherlands | N/A | 1.3 | 1.6 | 1.4 | 3.8% |
| Panama | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Brazil | 1,276 | 3,401 | 1,712 | N/A | 15.8% |
| Others | 3.8 | 106 | 2.9 | 0.7 | -43.1% |
| Total | 1,325 | 3,561 | 1,747 | 32.4 | -71.0% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Guatemala in 2022:
- United States (8.3 tons)
- Panama (0.2 tons)
- Netherlands (0.2 tons)
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