Frozen Yellowfin Tuna Price in Costa Rica - 2022
Contents:
- Frozen Yellowfin Tuna Price in Costa Rica (CIF) - 2022
- Frozen Yellowfin Tuna Price in Costa Rica (FOB) - 2022
- Frozen Yellowfin Tuna Imports in Costa Rica
- Frozen Yellowfin Tuna Exports in Costa Rica
Frozen Yellowfin Tuna Price in Costa Rica (CIF) - 2022
In 2022, the average frozen yellowfin tuna import price amounted to $2,530 per ton, growing by 13% against the previous year. In general, the import price, however, showed a mild decline. The pace of growth appeared the most rapid in 2016 an increase of 27%. The import price peaked at $2,825 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($2,968 per ton) and Papua New Guinea ($2,961 per ton), while the price for Panama ($2,343 per ton) and Taiwan (Chinese) ($2,920 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in Costa Rica (FOB) - 2022
In 2022, the average frozen yellowfin tuna export price amounted to $7,125 per ton, growing by 25% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 140% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 the United States ($15,225 per ton), while the average price for exports to Ecuador ($1,234 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 the United States (+5.9%), while the prices for the other major destinations experienced a decline.
Frozen Yellowfin Tuna Imports in Costa Rica
Frozen yellowfin tuna imports into Costa Rica rose rapidly to 5.1K tons in 2022, with an increase of 15% against the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen yellowfin tuna imports skyrocketed to $13M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Yellowfin Tuna in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 1.8 | 3.6 | 3.4 | 8.2 | 65.8% |
| Indonesia | 0.1 | 0.1 | 0.3 | 2.8 | 203.7% |
| Singapore | 0.4 | 1.1 | 0.9 | 1.0 | 35.7% |
| Papua New Guinea | N/A | N/A | N/A | 0.7 | 0% |
| Nicaragua | 2.3 | 2.2 | 3.4 | N/A | 21.6% |
| Venezuela | 0.5 | 0.4 | 0.5 | N/A | 0.0% |
| Others | 2.1 | 2.3 | 1.5 | 0.2 | -54.3% |
| Total | 7.3 | 9.7 | 10.0 | 13.0 | 21.2% |
Top Suppliers of Frozen Yellowfin Tuna to Costa Rica in 2022:
- Panama (3.5K tons)
- Indonesia (0.9K tons)
- Singapore (0.3K tons)
- Papua New Guinea (0.3K tons)
Frozen Yellowfin Tuna Exports in Costa Rica
After two years of decline, shipments abroad of frozen yellowfin tuna increased by 79% to 12 tons in 2022. Overall, exports, however, showed a deep setback.
In value terms, frozen yellowfin tuna exports skyrocketed to $84K in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, the exports attained the peak of $130K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Frozen Yellowfin Tuna in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.2 | 88.1 | 28.3 | 75.0 | 42.0% |
| Mexico | 3.9 | 16.7 | 7.2 | 7.3 | 23.2% |
| Ecuador | 2.0 | 6.4 | 2.1 | 1.6 | -7.2% |
| France | N/A | 19.1 | N/A | N/A | 0% |
| Brazil | 26.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 58.3 | 130 | 37.6 | 84.0 | 12.9% |
Top Export Markets for Frozen Yellowfin Tuna from Costa Rica in 2022:
- Mexico (5.5 tons)
- United States (4.9 tons)
- Ecuador (1.3 tons)
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