Guatemala - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in Guatemala - 2023
Contents:
- Whey Price in Guatemala (CIF) - 2023
- Whey Price in Guatemala (FOB) - 2022
- Whey Imports in Guatemala
- Whey Exports in Guatemala
Whey Price in Guatemala (CIF) - 2023
The average whey import price stood at $1,303 per ton in June 2023, reducing by -21.3% against the previous month. In general, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in March 2023 an increase of 23% m-o-m. The import price peaked at $1,656 per ton in May 2023, and then plummeted in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the United States ($1,351 per ton) and the Czech Republic ($1,326 per ton), while the price for Canada ($1,066 per ton) and France ($1,140 per ton) were amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Whey Price in Guatemala (FOB) - 2022
In 2022, the average whey export price amounted to $1,479 per ton, with an increase of 8.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices reached the peak figure at $1,672 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($3,642 per ton), while the average price for exports to Nicaragua ($1,349 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 Costa Rica (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Whey Imports in Guatemala
In 2022, the amount of whey imported into Guatemala expanded markedly to 6.2K tons, rising by 14% compared with 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, whey imports surged to $9.8M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
Import of Whey in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.7 | 2.5 | 3.7 | 5.1 | 23.6% |
Netherlands | 0.9 | 1.0 | 1.6 | 2.5 | 40.6% |
Czech Republic | N/A | N/A | 0.1 | 1.0 | 900.0% |
Chile | 0.2 | 0.2 | 1.0 | 0.6 | 44.2% |
Canada | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
Mexico | N/A | N/A | N/A | 0.2 | 0% |
Germany | N/A | 0.1 | 0.5 | N/A | 400.0% |
Others | 0.2 | 0.4 | 0.6 | N/A | 73.2% |
Total | 4.2 | 4.3 | 7.6 | 9.8 | 32.6% |
Top Suppliers of Whey to Guatemala in 2022:
- United States (4199.1 tons)
- Netherlands (793.8 tons)
- Czech Republic (555.6 tons)
- Chile (396.6 tons)
- Canada (140.7 tons)
- Mexico (104.9 tons)
Whey Exports in Guatemala
In 2022, whey exports from Guatemala surged to 244 tons, with an increase of 488% against the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, whey exports surged to $361K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Whey in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 28.5 | 18.8 | 25.0 | 224 | 98.8% |
El Salvador | 2.9 | 0.6 | 9.6 | 89.1 | 213.2% |
Costa Rica | N/A | N/A | N/A | 48.0 | 0% |
Panama | N/A | N/A | 7.4 | N/A | 0% |
Honduras | N/A | N/A | 14.8 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 31.4 | 19.4 | 56.8 | 361 | 125.7% |
Top Export Markets for Whey from Guatemala in 2022:
- Nicaragua (165.9 tons)
- El Salvador (64.9 tons)
- Costa Rica (13.2 tons)
This report provides an in-depth analysis of the whey market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 890 - Whey, Condensed
- FCL 900 - Dry Whey
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the whey market in Guatemala.
This report provides an in-depth analysis of the global whey market.
This report provides an in-depth analysis of the whey market in Guatemala.
This report provides an in-depth analysis of the global whey market.
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