Price for Cereal Groats and Meal; of Wheat in Guatemala - 2023

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Guatemala (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Guatemala (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Guatemala
4. Exports of Cereal Groats and Meal; of Wheat in Guatemala

Price for Cereal Groats and Meal; of Wheat in Guatemala (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $617 per ton in 2022, surging by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Mexico ($640 per ton), while the price for Honduras ($42 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Wheat in Guatemala (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $670 per ton in 2022, with a decrease of -39% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 68% against the previous year. Over the period under review, the average export prices hit record highs at $1,097 per ton in 2021, and then declined notably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($671 per ton), while the average price for exports to El Salvador totaled $659 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats and Meal; of Wheat in Guatemala

For the third year in a row, Guatemala recorded decline in purchases abroad of cereal groats and meal; of wheats, which decreased by -56% to 3.5K tons in 2022. Overall, imports faced a precipitous slump. The smallest decline of -12.2% was in 2020.

In value terms, imports of cereal groats and meal; of wheats shrank sharply to $2.2M in 2022. Over the period under review, imports saw a significant contraction. The smallest decline of -8.7% was in 2020.

Top Suppliers of Cereal Groats and Meal; of Wheat to Guatemala in 2022:

1. Mexico (3207.2 tons)
2. El Salvador (192.0 tons)
3. Honduras (99.8 tons)

Exports of Cereal Groats and Meal; of Wheat in Guatemala

In 2022, overseas shipments of cereal groats and meal; of wheats were finally on the rise to reach 12 tons after two years of decline. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats soared to $7.7K in 2022. Overall, exports, however, continue to indicate a abrupt slump.

Top Export Markets for Cereal Groats and Meal; of Wheat from Guatemala in 2022:

1. Costa Rica (10.3 tons)
2. El Salvador (1.2 tons)

Source: IndexBox Market Intelligence Platform