Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala (CIF) - 2022
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala (CIF) - 2022

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,463 per ton in 2022, picking up by 48% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by +76.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Chile ($1,488 per ton) and China ($1,450 per ton), while the price for Italy ($1,315 per ton) and the United States ($1,434 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,309 per ton, reducing by -11.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $1,799 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($3,584 per ton), while the average price for exports to Nicaragua ($952 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 Dominican Republic (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid imported into Guatemala rose to 13K tons, with an increase of 4.9% on 2021. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $19M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Guatemala in 2022:

1. Chile (7.8K tons)
2. United States (4.2K tons)
3. Italy (0.4K tons)
4. China (0.2K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Guatemala

For the fourth year in a row, Guatemala recorded growth in shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, which increased by 29% to 215 tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose markedly to $281K in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Guatemala in 2022:

1. Nicaragua (77.2 tons)
2. El Salvador (45.2 tons)
3. Dominican Republic (44.9 tons)
4. Honduras (36.5 tons)
5. Belize (10.9 tons)

Source: IndexBox Market Intelligence Platform