Price for Cereal Groats and Meal; of Maize (Corn) in Guatemala - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Guatemala (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Guatemala (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Guatemala
- Exports of Cereal Groats and Meal; of Maize (Corn) in Guatemala
Price for Cereal Groats and Meal; of Maize (Corn) in Guatemala (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $708 per ton in 2022, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($780 per ton), while the price for the Dominican Republic ($701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Guatemala (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $624 per ton, with a decrease of -3.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $723 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($2,986 per ton), while the average price for exports to El Salvador ($584 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 Mexico (+36.9%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Maize (Corn) in Guatemala
In 2022, purchases abroad of cereal groats and meal; of maize (corn)s decreased by -5.2% to 7.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 40%.
In value terms, imports of cereal groats and meal; of maize (corn)s expanded sharply to $5.2M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Cereal Groats and Meal; of Maize (Corn) in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 1.7 | 2.4 | 3.6 | 4.2 | 35.2% |
| Mexico | 1.0 | 1.5 | 0.9 | 1.0 | 0.0% |
| United States | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.2 | 4.3 | 4.7 | 5.2 | 17.6% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Guatemala in 2022:
- Dominican Republic (6.0K tons)
- Mexico (1.3K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Guatemala
In 2022, exports of cereal groats and meal; of maize (corn)s from Guatemala surged to 1.5K tons, growing by 282% compared with 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $932K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 126 | 173 | 209 | 552 | 63.6% |
| Costa Rica | 1.4 | N/A | N/A | 328 | 516.5% |
| Others | 16.9 | 20.3 | 43.3 | 51.2 | 44.7% |
| Total | 144 | 193 | 252 | 932 | 86.4% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Guatemala in 2022:
- El Salvador (944.3 tons)
- Costa Rica (535.9 tons)
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