Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $394 per ton, approximately equating the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 2.3% against the previous year. The import price peaked at $635 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nicaragua ($409 per ton), while the price for Honduras totaled $197 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (-4.3%).
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $4,541 per ton in 2022, with an increase of 16% against the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2015 an increase of 241% against the previous year. The export price peaked at $5,392 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($5,485 per ton), while the average price for exports to Honduras ($888 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 El Salvador (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala
For the fourth year in a row, Guatemala recorded growth in overseas purchases of cocoa beans; whole or broken, raw or roasteds, which increased by 6% to 4.6K tons in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 59%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds rose sharply to $1.8M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 792 | 1,214 | 1,594 | 1,750 | 30.2% |
| Honduras | 72.1 | 108 | 89.4 | 69.7 | -1.1% |
| Others | 0.8 | 10.6 | 50.6 | 1.4 | 20.5% |
| Total | 865 | 1,333 | 1,734 | 1,821 | 28.2% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Guatemala in 2022:
- Nicaragua (4.3K tons)
- Honduras (0.4K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Guatemala skyrocketed to 269 tons, jumping by 16% compared with the previous year. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds soared to $1.2M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 184 | 190 | 179 | 732 | 58.5% |
| United States | 294 | 180 | 175 | 164 | -17.7% |
| France | 112 | 53.4 | 3.1 | 84.2 | -9.1% |
| Australia | N/A | N/A | 19.9 | 46.4 | 133.2% |
| Germany | 1.6 | 16.4 | 81.6 | 44.3 | 202.5% |
| Belgium | N/A | 2.7 | 5.5 | 35.3 | 261.6% |
| Honduras | N/A | 1.2 | 3.1 | 17.0 | 276.4% |
| El Salvador | N/A | 6.6 | 1.1 | 1.6 | -50.8% |
| Italy | N/A | 366 | 394 | N/A | 7.7% |
| Others | 20.1 | 74.9 | 46.7 | 95.6 | 68.2% |
| Total | 612 | 891 | 909 | 1,221 | 25.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Guatemala in 2022:
- Netherlands (155.4 tons)
- United States (30.5 tons)
- Honduras (19.1 tons)
- France (17.8 tons)
- Australia (11.2 tons)
- Germany (11.2 tons)
- Belgium (6.4 tons)
- El Salvador (1.7 tons)
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This report provides an in-depth analysis of the cocoa bean market in Guatemala.
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