Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala (FOB) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala (CIF) - 2022
3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala
4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $6,835 per ton, picking up by 42% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. The export price peaked at $10,127 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($7,089 per ton), while the average price for exports to the United States ($2,609 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 Mexico (+0.5%), while the prices for the other major destinations experienced a decline.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala (CIF) - 2022

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $7,144 per ton, picking up by 12% against the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the maximum at $10,005 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($10,317 per ton), while the price for South Korea ($1,323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+26.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala

After two years of decline, overseas shipments of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by 2,823% to 170 tons in 2022. Over the period under review, exports, however, recorded a abrupt decline.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $1.2M in 2022. Overall, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Guatemala in 2022:

1. Mexico (120.4 tons)
2. El Salvador (49.5 tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Guatemala

In 2022, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Guatemala expanded sharply to 81 tons, picking up by 6.1% against 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +71.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $581K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +87.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Guatemala in 2022:

1. Spain (35.0 tons)
2. United States (31.0 tons)
3. China (4.8 tons)
4. Vietnam (3.8 tons)
5. South Korea (2.7 tons)
6. Indonesia (2.6 tons)

Source: IndexBox Market Intelligence Platform