Price for Cereals; Millet, Other than Seed in Guatemala - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Guatemala (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Guatemala (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Guatemala
- Exports of Cereals; Millet, Other than Seed in Guatemala
Price for Cereals; Millet, Other than Seed in Guatemala (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $677 per ton in 2022, surging by 24% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed import price increased by +45.1% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 30%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($950 per ton), while the price for Ukraine ($443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Guatemala (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $920 per ton, picking up by 47% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 60%. The export price peaked at $2,669 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($2,818 per ton), while the average price for exports to El Salvador ($400 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 Honduras (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Guatemala
For the fourth year in a row, Guatemala recorded growth in supplies from abroad of cereals; millet, other than seeds, which increased by 27% to 1K tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,074%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, cereals; millet, other than seed imports surged to $698K in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 751% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Cereals; Millet, Other than Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.9 | 85.6 | 187 | 469 | 261.8% |
| Ukraine | N/A | 22.1 | 194 | 117 | 130.1% |
| Canada | N/A | N/A | 0.1 | 111 | 110900.0% |
| Bulgaria | N/A | N/A | 18.7 | N/A | 0% |
| Russia | N/A | N/A | 41.3 | N/A | 0% |
| Others | 3.1 | 2.9 | 3.5 | 0.1 | -68.2% |
| Total | 13.0 | 111 | 444 | 698 | 277.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Guatemala in 2022:
- United States (643.6 tons)
- Ukraine (265.0 tons)
- Canada (122.6 tons)
Exports of Cereals; Millet, Other than Seed in Guatemala
In 2022, the amount of cereals; millet, other than seeds exported from Guatemala declined rapidly to 226 kg, which is down by -70.6% against the previous year's figure. Overall, exports recorded a precipitous setback. The smallest decline of -45.8% was in 2021.
In value terms, cereals; millet, other than seed exports reduced dramatically to $208 in 2022. In general, exports saw a dramatic shrinkage. The smallest decline of -34.2% was in 2021.
| Export of Cereals; Millet, Other than Seed in Guatemala (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 616 | 466 | 342 | 165 | -35.5% |
| Panama | 219 | 134 | 79.0 | 31.0 | -47.9% |
| El Salvador | 278 | 130 | 59.0 | 12.0 | -64.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,113 | 730 | 480 | 208 | -42.8% |
Top Export Markets for Cereals; Millet, Other than Seed from Guatemala in 2022:
- Costa Rica (185.0 kg)
- El Salvador (30.0 kg)
- Panama (11.0 kg)
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