Price for Pepper (of the Genus Piper), Crushed or Ground in Costa Rica - 2022

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (FOB) - 2022
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica

Price for Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (CIF) - 2022

The average import price for pepper (of the genus piper), crushed or ground stood at $7,087 per ton in 2022, with an increase of 34% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pepper (of the genus piper), crushed or ground increased by +42.1% against 2020 indices. Over the period under review, average import prices attained the maximum at $8,013 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($8,071 per ton), while the price for Spain ($4,549 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (FOB) - 2022

The average export price for pepper (of the genus piper), crushed or ground stood at $5,544 per ton in 2022, with a decrease of -24.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 95% against the previous year. As a result, the export price reached the peak level of $8,444 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 El Salvador ($13,202 per ton), while the average price for exports to Panama ($3,501 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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica

Imports of pepper (of the genus piper), crushed or ground into Costa Rica expanded remarkably to 302 tons in 2022, growing by 7.7% against the year before. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports of pepper (of genus piper), crushed or ground attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of pepper (of the genus piper), crushed or ground soared to $2.1M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +84.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7436738131,13615.2%
India36.386.1143474135.5%
Vietnam426277255383-3.5%
Guatemala22.175.510557.337.4%
China2.31.316.330.5136.7%
Spain7.922.073.723.844.4%
SingaporeN/AN/A57.3N/A0%
Others47.823.826.739.6-6.1%
Total1,2851,1591,4902,14318.6%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Costa Rica in 2022:

  1. United States (140.8 tons)
  2. Vietnam (78.6 tons)
  3. India (58.7 tons)
  4. Guatemala (8.6 tons)
  5. Spain (5.2 tons)
  6. China (4.9 tons)

Exports of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica

Exports of pepper (of the genus piper), crushed or ground from Costa Rica fell notably to 22 tons in 2022, declining by -44.6% against the year before. Over the period under review, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 1.9%.

In value terms, exports of pepper (of the genus piper), crushed or ground reduced sharply to $124K in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 20%.

Export of Pepper (of the Genus Piper), Crushed or Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama11654.775.656.5-21.3%
El Salvador84.980.696.342.2-20.8%
Guatemala84.083.878.524.7-33.5%
Nicaragua32.526.638.5N/A8.8%
Others7.90.98.0N/A0.6%
Total325247297124-27.5%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Costa Rica in 2022:

  1. Panama (16.2 tons)
  2. El Salvador (3.2 tons)
  3. Guatemala (2.9 tons)

Source: IndexBox Market Intelligence Platform

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