Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (FOB) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,476 per ton, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($2,748 per ton) and El Salvador ($2,721 per ton), while the average price for exports to Honduras ($1,988 per ton) and Nicaragua ($2,140 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,096 per ton, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,833 per ton), while the price for Honduras ($1,687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala
In 2022, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -7.4% to 30K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of 33K tons, and then declined in the following year.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses expanded rapidly to $75M in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 10.5 | 13.7 | 16.7 | 22.1 | 28.2% |
| Mexico | 0.1 | 0.6 | 15.1 | 13.2 | 409.2% |
| Honduras | 10.0 | 12.9 | 13.8 | 9.3 | -2.4% |
| Nicaragua | 5.1 | 6.0 | 7.7 | 9.2 | 21.7% |
| United States | 3.8 | 4.7 | 6.9 | 7.3 | 24.3% |
| Costa Rica | 3.7 | 4.1 | 4.3 | 6.2 | 18.8% |
| Panama | 1.9 | 2.6 | 2.9 | 2.6 | 11.0% |
| Others | 3.6 | 2.9 | 2.6 | 4.7 | 9.3% |
| Total | 38.7 | 47.7 | 70.0 | 74.5 | 24.4% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Guatemala in 2022:
- El Salvador (8.1K tons)
- Mexico (5.3K tons)
- Honduras (4.7K tons)
- Nicaragua (4.3K tons)
- United States (3.1K tons)
- Costa Rica (2.2K tons)
- Panama (1.0K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala
In 2022, imports of soups and broths and preparations therefor; homogenised composite food preparationses into Guatemala amounted to 9.4K tons, remaining relatively unchanged against the previous year. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $29M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 9.4 | 11.6 | 12.9 | 16.0 | 19.4% |
| El Salvador | 5.1 | 5.8 | 6.6 | 5.7 | 3.8% |
| China | 1.4 | 1.9 | 2.7 | 4.3 | 45.4% |
| United States | 1.7 | 1.4 | 1.3 | 1.6 | -2.0% |
| South Korea | 0.2 | 0.3 | 0.4 | 0.6 | 44.2% |
| Honduras | 1.3 | 0.3 | 0.2 | 0.4 | -32.5% |
| Others | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Total | 19.1 | 21.6 | 24.2 | 29.1 | 15.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Guatemala in 2022:
- Mexico (5.1K tons)
- El Salvador (1.9K tons)
- China (1.3K tons)
- United States (0.6K tons)
- Honduras (0.3K tons)
- South Korea (0.2K tons)
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