Flakes; of Potatoes Price in Guatemala - 2023

Contents:

1. Flakes; of Potatoes Price in Guatemala (CIF) - 2023
2. Flakes; of Potatoes Price in Guatemala (FOB) - 2022
3. Flakes; of Potatoes Imports in Guatemala
4. Flakes; of Potatoes Exports in Guatemala

Flakes; of Potatoes Price in Guatemala (CIF) - 2023

The average flakes; of potatoes import price stood at $2,895 per ton in May 2023, growing by 2.3% against the previous month. Over the period from January 2023 to May 2023, it increased at an average monthly rate of +8.0%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 40% m-o-m. Over the period under review, average import prices hit record highs in May 2023.

Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($3,033 per ton), while the price for Germany totaled $2,483 per ton.

From January 2023 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+42.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Flakes; of Potatoes Price in Guatemala (FOB) - 2022

The average flakes; of potatoes export price stood at $2,374 per ton in 2022, falling by -17.7% against the previous year. In general, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 245%. The export price peaked at $3,426 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 ($6,242 per ton), while the average price for exports to the United States ($1,259 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 Nicaragua (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Imports in Guatemala

In 2022, imports of flakes; of potatoeses into Guatemala declined notably to 273 tons, with a decrease of -52% on 2021. Over the period under review, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 2.4%.

In value terms, flakes; of potatoes imports plummeted to $502K in 2022. In general, imports continue to indicate a dramatic curtailment. The smallest decline of -3.4% was in 2021.

Top Suppliers of Flakes; of Potatoes to Guatemala in 2022:

1. Germany (105.7 tons)
2. Netherlands (104.3 tons)
3. United States (58.3 tons)

Flakes; of Potatoes Exports in Guatemala

Flakes; of potatoes exports from Guatemala shrank to 37 tons in 2022, with a decrease of -8.5% on the previous year's figure. Overall, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by 107%.

In value terms, flakes; of potatoes exports shrank significantly to $88K in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 135%.

Top Export Markets for Flakes; of Potatoes from Guatemala in 2022:

1. Honduras (29.1 tons)
2. El Salvador (3.0 tons)
3. Costa Rica (2.1 tons)
4. Belize (1.9 tons)
5. United States (0.8 tons)
6. Nicaragua (0.3 tons)

Source: IndexBox Market Intelligence Platform