Price for Food Preparations Not Elsewhere Specified or Included in Costa Rica - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Costa Rica (FOB) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Costa Rica (CIF) - 2022
- Exports of Food Preparations Not Elsewhere Specified or Included in Costa Rica
- Imports of Food Preparations Not Elsewhere Specified or Included in Costa Rica
Price for Food Preparations Not Elsewhere Specified or Included in Costa Rica (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $16,718 per ton in 2022, increasing by 40% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for food preparations not elsewhere specified or included increased by +45.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($32,030 per ton), while the average price for exports to the United States ($2,607 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 Peru (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Costa Rica (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $4,508 per ton in 2022, shrinking by -13.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. The import price peaked at $5,930 per ton in 2017; however, from 2018 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 Brazil ($9,654 per ton), while the price for Mexico ($1,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Costa Rica
In 2022, after three years of growth, there was significant decline in shipments abroad of food preparations not elsewhere specified or included, when their volume decreased by -18.6% to 44K tons. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of 55K tons, and then declined dramatically in the following year.
In value terms, exports of food preparations not elsewhere specified or included rose markedly to $743M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 96.3 | 105 | 126 | 159 | 18.2% |
| Honduras | 72.1 | 73.0 | 91.4 | 96.1 | 10.1% |
| Mexico | 47.7 | 40.5 | 72.4 | 93.6 | 25.2% |
| Peru | 0.8 | 28.3 | 69.4 | 75.1 | 354.5% |
| Panama | 50.5 | 42.4 | 54.7 | 55.8 | 3.4% |
| El Salvador | 45.6 | 44.0 | 52.5 | 50.7 | 3.6% |
| Dominican Republic | 38.1 | 33.4 | 38.3 | 43.6 | 4.6% |
| Nicaragua | 30.3 | 30.0 | 40.9 | 41.2 | 10.8% |
| United States | 15.5 | 13.6 | 13.2 | 18.2 | 5.5% |
| Others | 74.2 | 77.2 | 94.0 | 110 | 14.0% |
| Total | 471 | 487 | 652 | 743 | 16.4% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Costa Rica in 2022:
- Guatemala (8.0K tons)
- United States (7.0K tons)
- Honduras (6.1K tons)
- Peru (4.5K tons)
- Panama (3.8K tons)
- Nicaragua (3.4K tons)
- Mexico (2.9K tons)
- El Salvador (2.5K tons)
- Dominican Republic (2.5K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Costa Rica
Imports of food preparations not elsewhere specified or included into Costa Rica skyrocketed to 35K tons in 2022, growing by 82% on the previous year. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included soared to $157M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.7 | 28.4 | 33.9 | 55.8 | 22.0% |
| Mexico | 19.6 | 18.1 | 18.5 | 28.4 | 13.2% |
| Uruguay | 0.1 | 0.3 | 0.3 | 15.9 | 441.8% |
| Chile | 3.3 | 3.3 | 3.6 | 3.8 | 4.8% |
| China | 2.6 | 3.4 | 2.7 | 3.3 | 8.3% |
| Others | 33.8 | 33.4 | 41.1 | 50.1 | 14.0% |
| Total | 90.0 | 86.9 | 100 | 157 | 20.4% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Costa Rica in 2022:
- Mexico (15.2K tons)
- United States (10.4K tons)
- Uruguay (2.0K tons)
- China (1.4K tons)
- Chile (0.6K tons)
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