Guatemala: Wheat Gluten Market 2024

Wheat Gluten Market Size in Guatemala

The Guatemalan wheat gluten market soared to $X in 2022, jumping by 88% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wheat Gluten Exports

Exports from Guatemala

In 2022, after three years of growth, there was significant decline in overseas shipments of wheat gluten, when their volume decreased by -19.3% to X tons. In general, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,459%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, wheat gluten exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,285% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Costa Rica (X tons) were the main destinations of wheat gluten exports from Guatemala, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +121.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wheat gluten exported from Guatemala were Honduras ($X), El Salvador ($X) and Costa Rica ($X), together accounting for 85% of total exports.

Honduras, with a CAGR of +129.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wheat gluten export price amounted to $X per ton, with an increase of 53% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +66.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Honduras ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Guatemala

In 2022, imports of wheat gluten into Guatemala skyrocketed to X tons, with an increase of 32% against 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 67%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, wheat gluten imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 85%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Australia (X tons) and France (X tons) were the main suppliers of wheat gluten imports to Guatemala, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +1,815.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten suppliers to Guatemala were China ($X), Australia ($X) and France ($X), with a combined 81% share of total imports.

France, with a CAGR of +1,536.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat gluten import price stood at $X per ton in 2022, jumping by 38% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten import price increased by +80.4% against 2019 indices. 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 Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+44.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform