Shrimp Price in Guatemala - 2023
Contents:
- Shrimp Price in Guatemala (FOB) - 2023
- Shrimp Price in Guatemala (CIF) - 2023
- Shrimp Exports in Guatemala
- Shrimp Imports in Guatemala
Shrimp Price in Guatemala (FOB) - 2023
In June 2023, the average shrimp export price amounted to $6,132 per ton, which is down by -5.3% against the previous month. Over the period under review, the export price showed a mild decrease. The most prominent rate of growth was recorded in February 2023 an increase of 14% against the previous month. As a result, the export price reached the peak level of $7,657 per ton. From March 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was France ($9,245 per ton), while the average price for exports to Taiwan (Chinese) ($4,703 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Guatemala (CIF) - 2023
In June 2023, the average shrimp import price amounted to $3,816 per ton, with a decrease of -6.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 14% m-o-m. The import price peaked at $4,072 per ton in May 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Argentina ($6,358 per ton), while the price for Honduras ($2,561 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Honduras (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Exports in Guatemala
In 2022, shipments abroad of shrimps decreased by -2.4% to 11K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, shrimp exports reached $79M in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Shrimp in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.2 | 15.6 | 23.4 | 34.2 | 37.3% |
| Mexico | 22.4 | 20.1 | 16.1 | 13.3 | -16.0% |
| Spain | 9.2 | 10.3 | 18.2 | 11.2 | 6.8% |
| Netherlands | N/A | 6.9 | 9.8 | 8.2 | 9.0% |
| Taiwan (Chinese) | 5.0 | 5.9 | 3.4 | 3.4 | -12.1% |
| France | 7.5 | 8.0 | 2.6 | 3.4 | -23.2% |
| Others | 1.4 | 3.1 | 3.7 | 5.4 | 56.8% |
| Total | 58.6 | 70.0 | 77.1 | 79.1 | 10.5% |
Top Export Markets for Shrimp from Guatemala in 2022:
- United States (4.1K tons)
- Mexico (2.5K tons)
- Spain (1.4K tons)
- Netherlands (1.1K tons)
- Taiwan (Chinese) (0.7K tons)
- France (0.4K tons)
Shrimp Imports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in overseas purchases of shrimps, which increased by 1.8% to 16K tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, shrimp imports skyrocketed to $62M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Shrimp in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 6.8 | 11.8 | 21.2 | 26.9 | 58.2% |
| Nicaragua | 1.2 | 2.3 | 6.9 | 13.3 | 123.0% |
| Argentina | 9.0 | 8.1 | 10.8 | 11.3 | 7.9% |
| Honduras | 4.9 | 4.9 | 7.9 | 6.0 | 7.0% |
| Peru | 3.7 | 3.8 | 2.8 | 2.6 | -11.1% |
| Others | 1.7 | 1.0 | 3.5 | 2.4 | 12.2% |
| Total | 27.3 | 31.9 | 53.0 | 62.5 | 31.8% |
Top Suppliers of Shrimp to Guatemala in 2022:
- Ecuador (6.6K tons)
- Honduras (3.9K tons)
- Nicaragua (3.1K tons)
- Argentina (1.5K tons)
- Peru (0.5K tons)
122
This report provides an in-depth analysis of the market for crab and crab meat in Guatemala.
133
This report provides an in-depth analysis of the frozen crustaceans market in Guatemala.
131
This report provides an in-depth analysis of the crabs, not frozen market in Guatemala.
183
This report provides an in-depth analysis of the frozen norway lobster market in Guatemala.
162
This report provides an in-depth analysis of the market for frozen crab and crab meat in Guatemala.
160
This report provides an in-depth analysis of the frozen lobster market in Guatemala.
1854
This report provides an in-depth analysis of the global market for crab and crab meat.
1456
This report provides an in-depth analysis of the global frozen crustaceans market.
338
This report provides an in-depth analysis of the global crabs, not frozen market.
394
This report provides an in-depth analysis of the global frozen norway lobster market.
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
411
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2515
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
495
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
130
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
1734
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1965
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
