Spices; Mixtures Price in Guatemala - 2023
Contents:
- Spices; Mixtures Price in Guatemala (FOB) - 2022
- Spices; Mixtures Price in Guatemala (CIF) - 2022
- Spices; Mixtures Exports in Guatemala
- Spices; Mixtures Imports in Guatemala
Spices; Mixtures Price in Guatemala (FOB) - 2022
The average spices; mixtures export price stood at $6,178 per ton in 2022, reducing by -9.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 48%. The export price peaked at $7,354 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($12,314 per ton), while the average price for exports to the United States ($5,222 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 Honduras (+8.9%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Price in Guatemala (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $6,334 per ton, with an increase of 34% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth was the most pronounced in 2015 an increase of 195% against the previous year. The import price peaked at $6,847 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($26,724 per ton), while the price for El Salvador ($4,627 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Guatemala
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; mixtureses, when their volume decreased by -29.8% to 22 tons. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports attained the peak of 32 tons, and then contracted remarkably in the following year.
In value terms, spices; mixtures exports shrank significantly to $138K in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $217K, and then shrank remarkably in the following year.
| Export of Spices; Mixtures in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 99.1 | 124 | 122 | 96.2 | -1.0% |
| Honduras | 9.6 | 5.6 | 89.8 | 36.0 | 55.4% |
| El Salvador | N/A | 0.3 | 5.4 | 5.5 | 328.2% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 109 | 130 | 217 | 138 | 8.2% |
Top Export Markets for Spices; Mixtures from Guatemala in 2022:
- United States (18.4 tons)
- Honduras (2.9 tons)
- El Salvador (0.9 tons)
Spices; Mixtures Imports in Guatemala
In 2022, the amount of spices; mixtureses imported into Guatemala skyrocketed to 7.1 tons, growing by 136% compared with the previous year. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports soared to $45K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 14.4 | 13.0 | 9.8 | 23.7 | 18.1% |
| Chile | N/A | N/A | N/A | 9.6 | 0% |
| Spain | 0.5 | 0.9 | 4.4 | 7.4 | 145.5% |
| United States | 0.3 | N/A | N/A | 4.5 | 146.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.3 | 13.9 | 14.3 | 45.2 | 43.5% |
Top Suppliers of Spices; Mixtures to Guatemala in 2022:
- El Salvador (5.1 tons)
- Spain (0.9 tons)
- United States (0.8 tons)
- Chile (0.4 tons)
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