Price for Frozen Concentrated Orange Juice in Guatemala - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in Guatemala (CIF) - 2023
- Price for Frozen Concentrated Orange Juice in Guatemala (FOB) - 2023
- Imports of Frozen Concentrated Orange Juice in Guatemala
- Exports of Frozen Concentrated Orange Juice in Guatemala
Price for Frozen Concentrated Orange Juice in Guatemala (CIF) - 2023
In June 2023, the average frozen concentrated orange juice import price amounted to $2,970 per ton, with an increase of 8.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in November 2022 an increase of 53% m-o-m. The import price peaked at $3,409 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($3,098 per ton), while the price for Costa Rica amounted to $2,520 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Concentrated Orange Juice in Guatemala (FOB) - 2023
The average frozen concentrated orange juice export price stood at $6,278 per ton in June 2023, falling by -9.1% against the previous month. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in November 2022 an increase of 57% month-to-month. The export price peaked at $14,289 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -6.6% per month.
Imports of Frozen Concentrated Orange Juice in Guatemala
For the fourth year in a row, Guatemala recorded growth in supplies from abroad of frozen concentrated orange juice, which increased by 13% to 879 tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen concentrated orange juice imports surged to $2.2M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.3% 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 +82.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Concentrated Orange Juice in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,054 | 1,240 | 1,250 | 1,894 | 21.6% |
| Costa Rica | N/A | 76.6 | 249 | 300 | 97.9% |
| Others | 150 | 21.0 | 55.3 | 7.0 | -64.0% |
| Total | 1,203 | 1,338 | 1,553 | 2,201 | 22.3% |
Top Suppliers of Frozen Concentrated Orange Juice to Guatemala in 2022:
- Mexico (778.9 tons)
- Costa Rica (98.2 tons)
Exports of Frozen Concentrated Orange Juice in Guatemala
In 2022, shipments abroad of frozen concentrated orange juice increased by 45% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn.
In value terms, frozen concentrated orange juice exports surged to $1.7M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Frozen Concentrated Orange Juice in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 1.2 | 1.2 | 1.7 | 0.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.8 | 1.2 | 1.2 | 1.7 | -1.9% |
Top Export Markets for Frozen Concentrated Orange Juice from Guatemala in 2022:
- United States (1.3K tons)
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