Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,544 per ton, picking up by 18% against the previous year. Overall, the import price recorded slight growth. As a result, import price attained 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 the United States ($8,892 per ton), while the price for India ($3,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,098 per ton, dropping by -18.1% against the previous year. Over the period under review, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. The export price peaked at $6,136 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,707 per ton), while the average price for exports to El Salvador ($3,572 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 the United States (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Guatemala was estimated at 475 tons, surging by 9% against 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +61.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $2.2M in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 307 | 279 | 526 | 846 | 40.2% |
| China | 252 | 289 | 415 | 571 | 31.3% |
| India | 248 | 285 | 261 | 222 | -3.6% |
| Germany | 134 | 175 | 121 | 200 | 14.3% |
| United States | 18.9 | 9.9 | 108 | 145 | 97.2% |
| Mexico | 94.0 | 89.9 | 94.5 | 128 | 10.8% |
| Costa Rica | 33.4 | 23.5 | 36.8 | 17.2 | -19.8% |
| Others | 42.9 | 84.8 | 116 | 30.1 | -11.1% |
| Total | 1,131 | 1,237 | 1,678 | 2,160 | 24.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Guatemala in 2022:
- Spain (202.0 tons)
- China (117.6 tons)
- India (67.3 tons)
- Germany (41.5 tons)
- Mexico (17.5 tons)
- United States (16.3 tons)
- Costa Rica (3.5 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -6.5% to 88 tons. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports attained the peak of 94 tons, and then contracted in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted sharply to $362K in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 27%.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 103 | 110 | 136 | 126 | 6.9% |
| El Salvador | 112 | 47.4 | 79.9 | 107 | -1.5% |
| United States | 50.5 | 221 | 105 | 92.4 | 22.3% |
| Ukraine | N/A | N/A | N/A | 24.3 | 0% |
| Costa Rica | 2.1 | 19.3 | 43.1 | 8.9 | 61.8% |
| Israel | N/A | N/A | 48.4 | N/A | 0% |
| Others | 53.7 | 10.1 | 59.9 | 3.8 | -58.6% |
| Total | 322 | 408 | 472 | 362 | 4.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Guatemala in 2022:
- Honduras (34.1 tons)
- El Salvador (29.8 tons)
- United States (16.2 tons)
- Ukraine (5.0 tons)
- Costa Rica (2.0 tons)
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