Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,746 per ton in October 2023, with a decrease of -62.2% against the previous month. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 103% against the previous month. As a result, import price attained the peak level of $5,798 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Nicaragua ($1,761 per ton), while the price for Costa Rica amounted to $1,603 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Nicaragua (-6.8%), while the prices for the other major suppliers experienced a decline.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (FOB) - 2022
In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,554 per ton, rising by 28% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, (other than tongues and livers), frozens increased by +81.0% against 2014 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +8.8% per year.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala
For the fourth year in a row, Guatemala recorded growth in overseas purchases of offal, edible; of bovine animals, (other than tongues and livers), frozens, which increased by 24% to 506 tons in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens soared to $1.8M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 514 | 305 | 738 | 1,252 | 34.5% |
| United States | 120 | 26.5 | 203 | 536 | 64.7% |
| Dominican Republic | 154 | 412 | N/A | 0.7 | -83.4% |
| Costa Rica | 38.8 | 16.6 | 12.8 | N/A | -42.6% |
| Honduras | 28.0 | 61.8 | 104 | N/A | 92.7% |
| Others | 11.4 | N/A | N/A | N/A | 0% |
| Total | 867 | 822 | 1,058 | 1,789 | 27.3% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Guatemala in 2022:
- Nicaragua (409.4 tons)
- United States (96.2 tons)
- Dominican Republic (0.1 tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala
For the third year in a row, Guatemala recorded decline in overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -90.9% to 298 kg in 2022. In general, exports saw a precipitous decline. The smallest decline of -14.8% was in 2020.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell markedly to $463 in 2022. Overall, exports recorded a significant decline. The smallest decline of -11% was in 2020.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 5.6 | 5.0 | 3.1 | 0.5 | -55.3% |
| United States | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.6 | 5.0 | 4.0 | 0.5 | -55.3% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Guatemala in 2022:
- El Salvador (298.0 kg)
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