Ester Gums Price in Costa Rica - 2021

Ester Gums Price in Costa Rica (CIF) - 2022

The average ester gums import price stood at $10,444 per ton in 2022, picking up by 38% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 95%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,974 per ton), while the price for Guatemala amounted to $3,933 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Costa Rica (FOB) - 2022

The average ester gums export price stood at $23,376 per ton in 2022, with an increase of 7.4% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 532% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($36,101 per ton), while the average price for exports to Nicaragua totaled $4,592 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Costa Rica

In 2022, after three years of growth, there was significant decline in supplies from abroad of ester gumses, when their volume decreased by -9.5% to 41 tons. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 45 tons, and then fell in the following year.

In value terms, ester gums imports surged to $423K in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Import of Ester Gums in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	166	213	304	409	35.1%
Guatemala	5.8	8.2	8.1	12.0	27.4%
China	11.9	20.0	13.7	N/A	7.3%
Others	19.9	17.2	14.3	1.8	-55.1%
Total	204	258	340	423	27.5%

Top Suppliers of Ester Gums to Costa Rica in 2022:

United States (37.3 tons)
Guatemala (3.1 tons)

Ester Gums Exports in Costa Rica

For the third year in a row, Costa Rica recorded decline in shipments abroad of ester gumses, which decreased by -13.1% to 364 kg in 2022. Over the period under review, exports recorded a deep setback.

In value terms, ester gums exports contracted to $8.5K in 2022. Overall, exports showed a deep setback.