Preserved Frozen Potato Price in Guatemala - 2023
Contents:
- Preserved Frozen Potato Price in Guatemala (CIF) - 2023
- Preserved Frozen Potato Price in Guatemala (FOB) - 2023
- Preserved Frozen Potato Imports in Guatemala
- Preserved Frozen Potato Exports in Guatemala
Preserved Frozen Potato Price in Guatemala (CIF) - 2023
In October 2023, the average preserved frozen potato import price amounted to $2,057 per ton, with an increase of 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 7.5% m-o-m. Over the period under review, average import prices hit record highs in October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Canada ($2,378 per ton) and the United States ($2,139 per ton), while the price for Belgium ($1,602 per ton) and the Netherlands ($1,642 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Price in Guatemala (FOB) - 2023
In October 2023, the average preserved frozen potato export price amounted to $2,096 per ton, with an increase of 3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in November 2022 an increase of 14% month-to-month. The export price peaked at $2,109 per ton in July 2023; afterwards, it flattened through to October 2023.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Honduras ($2,161 per ton), while the average price for exports to El Salvador ($2,009 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Frozen Potato Imports in Guatemala
Preserved frozen potato imports into Guatemala soared to 40K tons in 2022, picking up by 20% on the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, preserved frozen potato imports surged to $63M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.7 | 28.4 | 37.1 | 55.1 | 19.0% |
| Belgium | 1.1 | 1.3 | 1.7 | 3.0 | 39.7% |
| Netherlands | 1.1 | 1.5 | 2.1 | 2.2 | 26.0% |
| Canada | 0.2 | N/A | 0.6 | 1.9 | 111.8% |
| Others | 0.1 | 0.1 | 0.2 | 0.9 | 108.0% |
| Total | 35.1 | 31.2 | 41.7 | 63.0 | 21.5% |
Top Suppliers of Preserved Frozen Potato to Guatemala in 2022:
- United States (34.0K tons)
- Belgium (2.5K tons)
- Netherlands (1.6K tons)
- Canada (0.9K tons)
Preserved Frozen Potato Exports in Guatemala
For the fourth year in a row, Guatemala recorded growth in shipments abroad of frozen potatoes prepared or preserved, which increased by 714% to 2.4K tons in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato exports surged to $3.9M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Frozen Potato in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 7.4 | 23.2 | 136 | 2,063 | 553.3% |
| Honduras | 36.4 | 40.3 | 36.9 | 1,369 | 235.0% |
| El Salvador | 30.1 | 51.1 | 206 | 429 | 142.5% |
| Others | 5.2 | 0.1 | N/A | 11.7 | 31.0% |
| Total | 79.0 | 115 | 379 | 3,872 | 266.0% |
Top Export Markets for Preserved Frozen Potato from Guatemala in 2022:
- Nicaragua (1298.4 tons)
- Honduras (868.4 tons)
- El Salvador (229.8 tons)
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