Broken Rice Price in Guatemala - 2023

Broken Rice Price in Guatemala (CIF) - 2022

The average broken rice import price stood at $524 per ton in 2022, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. As a result, import price attained the peak level of $561 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($630 per ton) and Honduras ($590 per ton), while the price for Nicaragua ($427 per ton) and Brazil ($472 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Broken Rice Price in Guatemala (FOB) - 2022

In 2022, the average broken rice export price amounted to $521 per ton, rising by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 an increase of 3.3%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 +3.5% per year.

Broken Rice Imports in Guatemala

In 2022, imports of broken rice into Guatemala reduced modestly to 8.3K tons, declining by -4.2% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports attained the peak of 8.7K tons, and then dropped modestly in the following year.

In value terms, broken rice imports expanded significantly to $4.4M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Broken Rice in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	272	296	614	2,155	99.4%
Brazil	93.1	353	753	1,181	133.2%
Honduras	386	354	441	670	20.2%
Nicaragua	69.6	148	346	329	67.8%
United States	856	583	758	29.0	-67.6%
Paraguay	624	682	329	N/A	-27.4%
Guyana	495	442	291	N/A	-23.3%
Uruguay	467	216	148	N/A	-43.7%
Belize	53.0	27.0	0.3	N/A	-92.5%
Others	102	10.0	462	N/A	112.8%
Total	3,418	3,110	4,141	4,364	8.5%

Top Suppliers of Broken Rice to Guatemala in 2022:

United States (undefinedK tons)
Costa Rica (3.9K tons)
Brazil (2.5K tons)
Honduras (1.1K tons)
Nicaragua (0.8K tons)

Broken Rice Exports in Guatemala

In 2022, approx. 5.1 tons of broken rice were exported from Guatemala; falling by -19.3% compared with 2021 figures. Over the period under review, exports saw a abrupt shrinkage. The smallest decline of -10.1% was in 2020.

In value terms, broken rice exports plummeted to $2.6K in 2022. Overall, exports saw a abrupt decline. The smallest decline of -8.7% was in 2021.