Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala (FOB) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala (CIF) - 2023
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala (FOB) - 2023

In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,705 per ton, growing by 4.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $1,816 per ton in January 2023; however, from February 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was El Salvador ($1,815 per ton), while the average price for exports to Mexico ($1,466 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (-0.2%), while the prices for the other major destinations experienced a decline.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala (CIF) - 2023

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,867 per ton in October 2023, rising by 5.5% against the previous month. Over the period under review, the import price, however, showed a noticeable setback. The import price peaked at $2,691 per ton in October 2022; however, from November 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($3,590 per ton), while the price for Mexico ($1,745 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by El Salvador (-0.9%), while the prices for the other major suppliers experienced a decline.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Guatemala soared to 43K tons, growing by 28% on the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $74M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Guatemala in 2022:

1. El Salvador (21.5K tons)
2. Dominican Republic (9.5K tons)
3. United States (5.2K tons)
4. Mexico (3.0K tons)
5. Panama (2.8K tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Guatemala

In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -26.3% to 5.1K tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of 8.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats rose slightly to $13M in 2022. The total import value increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Guatemala in 2022:

1. Mexico (1755.3 tons)
2. Costa Rica (1120.5 tons)
3. El Salvador (1063.9 tons)
4. United States (758.9 tons)
5. France (176.0 tons)
6. Australia (93.5 tons)
7. Netherlands (66.4 tons)
8. Belgium (0.3 tons)

Source: IndexBox Market Intelligence Platform