Guatemala - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Guatemala - 2023
Contents:
- Crude Palm Oil Price in Guatemala (FOB) - 2023
- Crude Palm Oil Price in Guatemala (CIF) - 2022
- Crude Palm Oil Exports in Guatemala
- Crude Palm Oil Imports in Guatemala
Crude Palm Oil Price in Guatemala (FOB) - 2023
The average crude palm oil export price stood at $1,000 per ton in October 2023, approximately reflecting the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 6.8% against the previous month. As a result, the export price attained the peak level of $1,015 per ton, and then dropped in the following month.
Average prices varied noticeably for the major export markets. In October 2023, the countries with the highest prices were Spain ($1,102 per ton) and Italy ($995 per ton), while the average price for exports to Mexico ($950 per ton) and the Netherlands ($960 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Palm Oil Price in Guatemala (CIF) - 2022
The average crude palm oil import price stood at $827 per ton in 2022, growing by 9.2% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 an increase of 56%. Over the period under review, average import prices reached the peak figure at $1,099 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Honduras ($950 per ton), while the price for Mexico totaled $739 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+23.4%), while the prices for the other major suppliers experienced a decline.
Crude Palm Oil Exports in Guatemala
Crude palm oil exports from Guatemala rose notably to 755K tons in 2022, with an increase of 8.9% against the year before. Overall, exports, however, showed a relatively flat trend pattern.
In value terms, crude palm oil exports soared to $825M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Crude Palm Oil in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 87.0 | 107 | 166 | 358 | 60.2% |
| Spain | 78.0 | 106 | 156 | 176 | 31.2% |
| Mexico | 84.1 | 63.9 | 88.5 | 123 | 13.5% |
| Italy | 39.0 | 65.1 | 144 | 60.6 | 15.8% |
| El Salvador | 19.8 | 22.6 | 32.7 | 44.3 | 30.8% |
| Germany | 9.3 | 15.8 | 12.9 | 22.2 | 33.6% |
| Honduras | 11.8 | 7.0 | 5.3 | 15.3 | 9.0% |
| Dominican Republic | 11.8 | 6.8 | 4.4 | 11.9 | 0.3% |
| Others | 13.0 | 16.5 | 7.4 | 13.8 | 2.0% |
| Total | 354 | 410 | 617 | 825 | 32.6% |
Top Export Markets for Crude Palm Oil from Guatemala in 2022:
- Netherlands (311.6K tons)
- Spain (158.1K tons)
- Mexico (143.4K tons)
- Italy (56.7K tons)
- El Salvador (33.9K tons)
- Germany (15.8K tons)
- Dominican Republic (12.0K tons)
- Honduras (10.7K tons)
Crude Palm Oil Imports in Guatemala
In 2022, the amount of crude palm oil imported into Guatemala declined remarkably to 1.7K tons, with a decrease of -90.9% on the previous year's figure. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75,169% against the previous year. As a result, imports attained the peak of 19K tons, and then dropped notably in the following year.
In value terms, crude palm oil imports reduced rapidly to $1.4M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 70,025%. As a result, imports attained the peak of $14M, and then fell significantly in the following year.
| Import of Crude Palm Oil in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | 12.5 | 0.7 | -94.4% |
| Honduras | N/A | N/A | N/A | 0.7 | 0% |
| Panama | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.1 | N/A | 14.4 | 1.4 | 141.0% |
Top Suppliers of Crude Palm Oil to Guatemala in 2022:
- Mexico (1009.4 tons)
- Honduras (724.0 tons)
This report provides an in-depth analysis of the crude palm oil 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 257 - Oil of palm
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
-
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
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