Price for Cereal Flour; of Maize (Corn) in Costa Rica - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Costa Rica (FOB) - 2022
- Price for Cereal Flour; of Maize (Corn) in Costa Rica (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Costa Rica
- Imports of Cereal Flour; of Maize (Corn) in Costa Rica
Price for Cereal Flour; of Maize (Corn) in Costa Rica (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $785 per ton, rising by 20% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $951 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($1,061 per ton), while the average price for exports to Honduras ($703 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 El Salvador (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Costa Rica (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $822 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, showed a slight setback. Over the period under review, average import prices attained the peak figure at $961 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,197 per ton), while the price for El Salvador ($717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Flour; of Maize (Corn) in Costa Rica
In 2022, the amount of cereal flour; of maize (corn) exported from Costa Rica skyrocketed to 11K tons, picking up by 72% compared with 2021 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 479%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports soared to $9M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 278%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Cereal Flour; of Maize (Corn) in Costa Rica (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | N/A | 1.1 | 1.0 | 3.9 | 88.3% |
Nicaragua | N/A | 0.8 | 1.9 | 3.8 | 117.9% |
Panama | 0.9 | 0.7 | 1.0 | 0.7 | -8.0% |
El Salvador | N/A | N/A | N/A | 0.2 | 0% |
Chile | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
Guatemala | N/A | 2.2 | 0.1 | N/A | -95.5% |
Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Total | 1.3 | 5.1 | 4.3 | 9.0 | 90.6% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Costa Rica in 2022:
- Honduras (5.6K tons)
- Nicaragua (4.5K tons)
- Panama (0.7K tons)
- El Salvador (0.2K tons)
Imports of Cereal Flour; of Maize (Corn) in Costa Rica
For the fourth year in a row, Costa Rica recorded growth in supplies from abroad of cereal flour; of maize (corn), which increased by 15% to 9.9K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $8.2M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereal Flour; of Maize (Corn) in Costa Rica (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 2.1 | 2.2 | 2.9 | 4.4 | 28.0% |
Colombia | 2.6 | 2.5 | 2.4 | 2.6 | 0.0% |
Mexico | 0.2 | 0.7 | 0.5 | 0.6 | 44.2% |
United States | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
Total | 5.4 | 5.9 | 6.1 | 8.2 | 14.9% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Costa Rica in 2022:
- El Salvador (6.1K tons)
- Colombia (2.6K tons)
- Mexico (0.8K tons)
- United States (0.4K tons)
This report provides an in-depth analysis of the cereal flour market in Costa Rica.
This report provides an in-depth analysis of the non-wheat flour market in Costa Rica.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the cereal flour market in Costa Rica.
This report provides an in-depth analysis of the non-wheat flour market in Costa Rica.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.