Guatemala - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Guatemala - 2023
Contents:
- Refined Olive Oil Price in Guatemala (CIF) - 2022
- Refined Olive Oil Price in Guatemala (FOB) - 2022
- Refined Olive Oil Imports in Guatemala
- Refined Olive Oil Exports in Guatemala
Refined Olive Oil Price in Guatemala (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $4,721 per ton, picking up by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $5,057 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,137 per ton), while the price for Italy ($4,437 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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Guatemala (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $4,599 per ton, with a decrease of -16.1% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil export price increased by +5.8% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 58%. The export price peaked at $5,676 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,835 per ton), while the average price for exports to Panama ($3,878 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 Costa Rica (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Guatemala
In 2022, imports of refined olive oil into Guatemala soared to 2.1K tons, with an increase of 222% on the previous year's figure. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports soared to $10M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.0 | 1.7 | 2.4 | 8.3 | 102.5% |
| Italy | 0.2 | 0.2 | 0.3 | 1.2 | 81.7% |
| United States | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Panama | 0.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 2.0 | 2.0 | 3.0 | 10.1 | 71.6% |
Top Suppliers of Refined Olive Oil to Guatemala in 2022:
- Panama (undefined tons)
- Spain (1759.5 tons)
- Italy (279.1 tons)
- United States (65.0 tons)
Refined Olive Oil Exports in Guatemala
In 2022, refined olive oil exports from Guatemala dropped notably to 6.5 tons, with a decrease of -15.3% compared with 2021 figures. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by 248%.
In value terms, refined olive oil exports reduced sharply to $30K in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 339% against the previous year.
| Export of Refined Olive Oil in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | N/A | 3.5 | 10.7 | 19.0 | 133.0% |
| United States | 0.9 | 0.9 | 0.9 | 9.1 | 116.2% |
| Costa Rica | 0.6 | 1.9 | 0.7 | 1.2 | 26.0% |
| Panama | N/A | N/A | N/A | 0.5 | 0% |
| Dominican Republic | 0.5 | 2.4 | 3.2 | N/A | 153.0% |
| Honduras | 40.6 | 1.0 | 26.3 | N/A | -19.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.5 | 9.6 | 41.9 | 29.8 | -11.2% |
Top Export Markets for Refined Olive Oil from Guatemala in 2022:
- El Salvador (4.8 tons)
- United States (1.3 tons)
- Costa Rica (0.2 tons)
- Panama (0.1 tons)
This report provides an in-depth analysis of the refined olive oil market 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the refined olive oil market in Guatemala.
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This report provides an in-depth analysis of the refined olive oil market in Guatemala.
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This report provides an in-depth analysis of the olive oil market in Guatemala.
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