Price for Butter and Other Fats and Oils Derived from Milk in Guatemala - 2023
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Guatemala (CIF) - 2023
- Price for Butter and Other Fats and Oils Derived from Milk in Guatemala (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Guatemala
- Exports of Butter and Other Fats and Oils Derived from Milk in Guatemala
Price for Butter and Other Fats and Oils Derived from Milk in Guatemala (CIF) - 2023
The average import price for butter and other fats and oils derived from milk stood at $3,655 per ton in October 2023, reducing by -34% against the previous month. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in September 2023 an increase of 13% month-to-month. The import price peaked at $6,509 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,903 per ton), while the price for Costa Rica ($907 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Guatemala (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $6,480 per ton in 2022, rising by 2.2% against the previous year. Overall, the export price posted a mild expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 81%. As a result, the export price attained the peak level of $9,612 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($6,851 per ton), while the average price for exports to El Salvador amounted to $5,963 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+66.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Guatemala
For the fourth consecutive year, Guatemala recorded growth in supplies from abroad of butter and other fats and oils derived from milk, which increased by 18% to 1.9K tons in 2022. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $11M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.4 | 3.0 | 2.7 | 6.4 | 23.5% |
| Costa Rica | 1.4 | 1.7 | 1.6 | 2.0 | 12.6% |
| United States | 0.2 | 0.2 | 1.0 | 0.9 | 65.1% |
| Australia | 0.1 | N/A | 0.4 | 0.7 | 91.3% |
| France | 0.4 | 0.4 | 0.3 | 0.6 | 14.5% |
| Denmark | N/A | N/A | 0.1 | 0.2 | 100.0% |
| China | 0.3 | 0.2 | 0.4 | N/A | 15.5% |
| Others | 0.2 | 0.8 | 0.6 | 0.5 | 35.7% |
| Total | 6.0 | 6.3 | 7.1 | 11.2 | 23.1% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Guatemala in 2022:
- New Zealand (937.2 tons)
- Costa Rica (517.9 tons)
- Australia (147.9 tons)
- United States (118.1 tons)
- France (87.2 tons)
- Denmark (35.4 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Guatemala
In 2022, approx. 21 tons of butter and other fats and oils derived from milk were exported from Guatemala; growing by 6.4% against the previous year's figure. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of butter and other fats and oils derived from milk expanded remarkably to $133K in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Butter and Other Fats and Oils Derived from Milk in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 95.2 | 63.6 | 121 | 90.2 | -1.8% |
| El Salvador | 2.9 | N/A | 1.4 | 42.5 | 144.7% |
| Ecuador | N/A | 44.5 | N/A | N/A | 0% |
| Others | N/A | 0.9 | N/A | 0.2 | -52.9% |
| Total | 98.2 | 109 | 122 | 133 | 10.6% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Guatemala in 2022:
- Honduras (13.2 tons)
- El Salvador (7.1 tons)
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This report provides an in-depth analysis of the butter and ghee market in Guatemala.
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This report provides an in-depth analysis of the ghee market in Guatemala.
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This report provides an in-depth analysis of the butter market in Guatemala.
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This report provides an in-depth analysis of the dairy produce market in Guatemala.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Guatemala.
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This report provides an in-depth analysis of the dairy spread market in Guatemala.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
