Price for Flour and Meal; of Potatoes in Guatemala - 2023

Contents:

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

Price for Flour and Meal; of Potatoes in Guatemala (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $2,363 per ton in 2022, increasing by 70% against the previous year. In general, the import price posted a slight increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +12.0% per year.

Price for Flour and Meal; of Potatoes in Guatemala (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $2,365 per ton, growing by 35% against the previous year. Overall, the export price saw measured growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 247%. The export price peaked at $3,937 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,606 per ton), while the average price for exports to Honduras amounted to $1,041 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+66.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Potatoes in Guatemala

In 2022, after three years of growth, there was significant decline in supplies from abroad of flour and meal; of potatoeses, when their volume decreased by -65.3% to 59 tons. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,966%.

In value terms, flour and meal; of potatoes imports reduced sharply to $140K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,794%.

Top Suppliers of Flour and Meal; of Potatoes to Guatemala in 2022:

1. Honduras (58.4 tons)

Exports of Flour and Meal; of Potatoes in Guatemala

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -34.6% to 6.7 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 552%. As a result, the exports attained the peak of 11 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, flour and meal; of potatoes exports dropped to $16K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 167%. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Flour and Meal; of Potatoes from Guatemala in 2022:

1. United States (3.5 tons)
2. Honduras (3.3 tons)

Source: IndexBox Market Intelligence Platform