Starches; Inulin Price in Guatemala - 2023
Contents:
- Starches; Inulin Price in Guatemala (CIF) - 2022
- Starches; Inulin Price in Guatemala (FOB) - 2022
- Starches; Inulin Imports in Guatemala
- Starches; Inulin Exports in Guatemala
Starches; Inulin Price in Guatemala (CIF) - 2022
The average starches; inulin import price stood at $881 per ton in 2022, surging by 40% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($1,322 per ton), while the price for Mexico ($787 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Guatemala (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $1,578 per ton, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,629 per ton), while the average price for exports to El Salvador ($1,185 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 Panama (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Guatemala
In 2022, after three years of growth, there was significant decline in purchases abroad of starches; inulins, when their volume decreased by -6.2% to 23K tons. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 6.4%. As a result, imports attained the peak of 25K tons, and then dropped in the following year.
In value terms, starches; inulin imports surged to $20M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +63.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.5 | 4.6 | 6.0 | 6.8 | 1.5% |
| Brazil | 0.6 | 2.8 | 3.7 | 3.4 | 78.3% |
| Argentina | 0.6 | 0.2 | 1.3 | 1.8 | 44.2% |
| Turkey | 0.7 | 0.7 | 0.9 | 1.4 | 26.0% |
| United States | 0.6 | 0.3 | 0.5 | 1.4 | 32.6% |
| China | 0.2 | 0.5 | 0.1 | 1.1 | 76.5% |
| Paraguay | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Poland | 0.7 | 0.4 | 0.3 | 0.5 | -10.6% |
| Croatia | 0.8 | 0.3 | 0.4 | N/A | -29.3% |
| Panama | 0.4 | 0.9 | 0.2 | N/A | -29.3% |
| Others | 1.5 | 1.7 | 2.0 | 3.0 | 26.0% |
| Total | 12.7 | 12.4 | 15.5 | 20.3 | 16.9% |
Top Suppliers of Starches; Inulin to Guatemala in 2022:
- Panama (undefinedK tons)
- Mexico (8.6K tons)
- Brazil (3.8K tons)
- Argentina (2.2K tons)
- Turkey (1.7K tons)
- China (1.3K tons)
- United States (1.1K tons)
- Paraguay (0.9K tons)
- Poland (0.5K tons)
Starches; Inulin Exports in Guatemala
In 2022, starches; inulin exports from Guatemala surged to 1.8K tons, picking up by 24% against 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, starches; inulin exports soared to $2.8M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 57%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Starches; Inulin in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 396 | 529 | 725 | 1,296 | 48.5% |
| El Salvador | 38.8 | 54.1 | 130 | 429 | 122.8% |
| Honduras | 283 | 267 | 417 | 409 | 13.1% |
| Panama | 374 | 312 | 527 | 388 | 1.2% |
| United States | 5.5 | N/A | N/A | 201 | 231.9% |
| Nicaragua | 18.3 | 55.7 | 46.3 | 82.0 | 64.9% |
| Peru | N/A | N/A | 87.0 | N/A | 0% |
| Others | 15.0 | 20.6 | 9.6 | 17.3 | 4.9% |
| Total | 1,131 | 1,237 | 1,942 | 2,822 | 35.6% |
Top Export Markets for Starches; Inulin from Guatemala in 2022:
- Costa Rica (864.2 tons)
- El Salvador (362.0 tons)
- Panama (217.4 tons)
- Honduras (213.7 tons)
- Nicaragua (60.1 tons)
- United States (55.4 tons)
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