Guatemala - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Guatemala - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Unsweetened Condensed and Evaporated Milk in Guatemala - 2023

Contents:

  1. Price for Unsweetened Condensed and Evaporated Milk in Guatemala (CIF) - 2023
  2. Price for Unsweetened Condensed and Evaporated Milk in Guatemala (FOB) - 2022
  3. Imports of Unsweetened Condensed and Evaporated Milk in Guatemala
  4. Exports of Unsweetened Condensed and Evaporated Milk in Guatemala

Price for Unsweetened Condensed and Evaporated Milk in Guatemala (CIF) - 2023

The average import price for condensed or evaporated milk (unsweetened) stood at $2,784 per ton in June 2023, waning by -6.6% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 36% m-o-m. Over the period under review, average import prices hit record highs at $3,318 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was New Zealand ($4,089 per ton), while the price for Germany ($1,866 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Panama (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Unsweetened Condensed and Evaporated Milk in Guatemala (FOB) - 2022

The average export price for condensed or evaporated milk (unsweetened) stood at $6,345 per ton in 2022, almost unchanged from the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 96%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 +15.8% per year.

Imports of Unsweetened Condensed and Evaporated Milk in Guatemala

After three years of growth, supplies from abroad of condensed or evaporated milk (unsweetened) decreased by -12.6% to 2.4K tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 2.7K tons, and then declined in the following year.

In value terms, unsweetened condensed and evaporated milk imports expanded slightly to $6.8M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.8%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Unsweetened Condensed and Evaporated Milk in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand4.23.84.03.5-5.9%
El Salvador1.21.01.31.712.3%
GermanyN/AN/AN/A0.60%
Mexico0.30.20.30.410.1%
Panama0.20.40.40.314.5%
Costa Rica0.30.30.20.2-12.6%
Belgium0.30.40.3N/A0.0%
OthersN/A0.10.10.10.0%
Total6.56.16.66.81.5%

Top Suppliers of Unsweetened Condensed and Evaporated Milk to Guatemala in 2022:

  1. New Zealand (880.2 tons)
  2. El Salvador (596.8 tons)
  3. Germany (326.5 tons)
  4. Mexico (220.5 tons)
  5. Panama (154.6 tons)
  6. Costa Rica (150.3 tons)

Exports of Unsweetened Condensed and Evaporated Milk in Guatemala

In 2022, unsweetened condensed and evaporated milk exports from Guatemala was estimated at 1.5 tons, remaining constant against the year before. Overall, exports showed a dramatic decrease. The smallest decline of 99.9% was in 2021.

In value terms, unsweetened condensed and evaporated milk exports stood at $9.5K in 2022. In general, exports continue to indicate a precipitous contraction. The smallest decline of 99.9% was in 2021.

Export of Unsweetened Condensed and Evaporated Milk in Guatemala (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
El Salvador16.4N/A9.5-23.9%
OthersN/AN/AN/A0%
Total16.4N/A9.5-23.9%

Top Export Markets for Unsweetened Condensed and Evaporated Milk from Guatemala in 2022:

  1. El Salvador (1.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 894 - Whole Milk, Evaporated
  • FCL 895 - Skim Milk, Evaporated

Country coverage:

  • Guatemala

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Guatemala
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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