Price for Cereal Groats; Meal and Pellets in Costa Rica - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Costa Rica (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Costa Rica (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Costa Rica
4. Exports of Cereal Groats; Meal and Pellets in Costa Rica

Price for Cereal Groats; Meal and Pellets in Costa Rica (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $719 per ton, growing by 63% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets import price increased by +85.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,172 per ton), while the price for Canada ($478 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Costa Rica (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $678 per ton, dropping by -35.1% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 an increase of 98% against the previous year. As a result, the export price attained the peak level of $1,043 per ton, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +26.1% per year.

Imports of Cereal Groats; Meal and Pellets in Costa Rica

In 2022, purchases abroad of cereal groats; meal and pelletses decreased by -26.7% to 4.3K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 1.1% against the previous year. As a result, imports reached the peak of 6.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal groats; meal and pellets imports surged to $3.1M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Costa Rica in 2022:

1. United States (1256.1 tons)
2. Spain (1256.0 tons)
3. Guatemala (639.6 tons)
4. Italy (514.3 tons)
5. Ukraine (432.0 tons)
6. Canada (140.9 tons)
7. Turkey (96.0 tons)

Exports of Cereal Groats; Meal and Pellets in Costa Rica

After two years of decline, overseas shipments of cereal groats; meal and pelletses increased by 413% to 70 tons in 2022. Over the period under review, exports, however, faced a dramatic downturn.

In value terms, cereal groats; meal and pellets exports soared to $47K in 2022. In general, exports, however, continue to indicate a abrupt slump.

Top Export Markets for Cereal Groats; Meal and Pellets from Costa Rica in 2022:

1. Panama (69.7 tons)

Source: IndexBox Market Intelligence Platform