Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica - 2022

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica (FOB) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica (CIF) - 2022
3. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica
4. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,159 per ton in 2022, surging by 13% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $1,243 per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +0.5% per year.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $6,684 per ton, with a decrease of -15.3% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 107%. The import price peaked at $7,892 per ton in 2021, and then contracted dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,881 per ton), while the price for Peru amounted to $6,485 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica

After three years of growth, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -83.8% to 129 tons in 2022. Overall, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 40%.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 reduced rapidly to $150K in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Costa Rica in 2022:

1. United States (125.7 tons)

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Costa Rica

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Costa Rica skyrocketed to 3.9 tons, jumping by 40% against the previous year's figure. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% 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 +81.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $26K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% 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 +81.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 32%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Costa Rica in 2022:

1. Peru (3.6 tons)
2. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform