Milled Rice Price in Guatemala - 2023
Contents:
- Milled Rice Price in Guatemala (CIF) - 2022
- Milled Rice Price in Guatemala (FOB) - 2022
- Milled Rice Imports in Guatemala
- Milled Rice Exports in Guatemala
Milled Rice Price in Guatemala (CIF) - 2022
In 2022, the average milled rice import price amounted to $1,195 per ton, rising by 58% against the previous year. Overall, the import price recorded a resilient expansion. 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 Taiwan (Chinese) ($1,671 per ton), while the price for Ecuador ($586 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Guatemala (FOB) - 2022
In 2022, the average milled rice export price amounted to $1,262 per ton, growing by 21% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milled rice export price increased by +192.0% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 89%. The export price peaked in 2022 and is expected to retain growth in years to come.
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 Nicaragua ($1,752 per ton), while the average price for exports to El Salvador ($869 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Milled Rice Imports in Guatemala
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Guatemala totaled 8.2K tons, with an increase of 15% against 2021 figures. In general, imports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 156% against the previous year. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, milled rice imports soared to $9.8M in 2022. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 139%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Milled Rice in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.3 | 1.3 | 0.8 | 5.0 | 56.7% |
| United States | 1.7 | 1.7 | 1.7 | 2.5 | 13.7% |
| El Salvador | N/A | 0.1 | 0.5 | 1.5 | 287.3% |
| Thailand | 0.3 | 0.8 | 0.1 | 0.4 | 10.1% |
| Ecuador | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
| Paraguay | 0.9 | 2.6 | 0.9 | N/A | 0.0% |
| Uruguay | 0.2 | 3.6 | N/A | N/A | 1700.0% |
| Brazil | 1.6 | 4.0 | 0.4 | N/A | -50.0% |
| Others | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Total | 6.0 | 14.4 | 5.4 | 9.8 | 17.8% |
Top Suppliers of Milled Rice to Guatemala in 2022:
- Taiwan (Chinese) (3.0K tons)
- United States (2.4K tons)
- El Salvador (1.7K tons)
- Thailand (0.5K tons)
- Ecuador (0.5K tons)
Milled Rice Exports in Guatemala
In 2022, shipments abroad of semi-milled or wholly milled (bleached) rice decreased by -23.9% to 403 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 94%. As a result, the exports attained the peak of 655 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, milled rice exports dropped to $509K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of $645K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Milled Rice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 177 | 312 | 296 | 381 | 29.1% |
| Costa Rica | 35.1 | 238 | 215 | 81.0 | 32.1% |
| El Salvador | 87.6 | 92.1 | 18.6 | 25.5 | -33.7% |
| Nicaragua | 28.5 | 3.3 | 23.8 | 21.5 | -9.0% |
| Others | 5.3 | N/A | 0.1 | N/A | -86.3% |
| Total | 334 | 645 | 554 | 509 | 15.1% |
Top Export Markets for Milled Rice from Guatemala in 2022:
- United States (278.7 tons)
- Costa Rica (82.9 tons)
- El Salvador (29.3 tons)
- Nicaragua (12.3 tons)
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