Gold Price in Guatemala - 2023
Contents:
- Gold Price in Guatemala (CIF) - 2022
- Gold Price in Guatemala (FOB) - 2022
- Gold Imports in Guatemala
- Gold Exports in Guatemala
Gold Price in Guatemala (CIF) - 2022
In 2022, the average gold import price amounted to $9,895,241 per ton, shrinking by -24.7% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 168%. The import price peaked at $29,065,731 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,841,031 per ton), while the price for Italy totaled $1,878,154 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+28.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Gold Price in Guatemala (FOB) - 2022
In 2022, the average gold export price amounted to $4,703,000 per ton, reducing by -35.6% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 247%. Over the period under review, the average export prices hit record highs at $17,000,000 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -6.3% per year.
Gold Imports in Guatemala
In 2022, approx. 145 kg of gold were imported into Guatemala; increasing by 56% compared with 2021 figures. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, gold imports skyrocketed to $1.4M in 2022. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
| Import of Gold in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,935 | 958 | 1,194 | 1,409 | -10.0% |
| Italy | 12.2 | 17.0 | 28.4 | 24.4 | 26.0% |
| Others | N/A | 0.5 | N/A | 1.1 | 48.3% |
| Total | 1,947 | 975 | 1,223 | 1,435 | -9.7% |
Top Suppliers of Gold to Guatemala in 2022:
- United States (130.0 kg)
- Italy (13.0 kg)
Gold Exports in Guatemala
Gold exports from Guatemala was estimated at 1 kg in 2022, approximately reflecting the year before. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gold exports fell significantly to $4.7K in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 247%. As a result, the exports attained the peak of $7.3K, and then dropped sharply in the following year.
| Export of Gold in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 2.1 | 7.3 | 4.7 | 49.6% | |
| Belize | N/A | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2.1 | 7.3 | 4.7 | 49.6% | |
Top Export Markets for Gold from Guatemala in 2022:
- United States (1.0 kg)
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