Price for Protein; Concentrates and Textured Protein Substances in Costa Rica - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Costa Rica (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Costa Rica (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Costa Rica
- Exports of Protein; Concentrates and Textured Protein Substances in Costa Rica
Price for Protein; Concentrates and Textured Protein Substances in Costa Rica (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $2,858 per ton, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. As a result, import price reached the peak level of $3,031 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,163 per ton), while the price for Argentina ($1,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Costa Rica (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $4,056 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $4,062 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($8,190 per ton), while the average price for exports to El Salvador ($3,073 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 Panama (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Costa Rica
In 2022, after three years of growth, there was decline in supplies from abroad of protein; concentrates and textured protein substanceses, when their volume decreased by -3.3% to 3.1K tons. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 4.4%. As a result, imports reached the peak of 3.2K tons, and then dropped in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses expanded significantly to $8.9M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.1 | 4.7 | 5.8 | 5.4 | 1.9% |
| China | 0.7 | 1.1 | 1.1 | 1.3 | 22.9% |
| Argentina | 0.1 | 0.2 | 0.2 | 0.8 | 100.0% |
| Brazil | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
| Singapore | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Mexico | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Others | 0.6 | 0.4 | 0.5 | 0.3 | -20.6% |
| Total | 6.9 | 6.8 | 8.1 | 8.9 | 8.9% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Costa Rica in 2022:
- United States (1710.4 tons)
- Argentina (469.5 tons)
- China (412.8 tons)
- Brazil (173.0 tons)
- Singapore (133.8 tons)
- Mexico (116.4 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Costa Rica
Exports of protein; concentrates and textured protein substanceses from Costa Rica dropped to 244 tons in 2022, shrinking by -7.3% on the year before. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 114%. As a result, the exports reached the peak of 263 tons, and then contracted in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses contracted to $990K in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 126%. As a result, the exports attained the peak of $1.1M, and then fell in the following year.
| Export of Protein; Concentrates and Textured Protein Substances in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 251 | 167 | 187 | 380 | 14.8% |
| Nicaragua | 43.9 | 77.5 | 90.2 | 293 | 88.3% |
| El Salvador | 51.9 | 12.3 | 57.8 | 197 | 56.0% |
| Guatemala | 186 | 185 | 205 | 94.2 | -20.3% |
| Panama | 36.3 | 25.3 | 56.7 | 18.0 | -20.8% |
| Ecuador | N/A | N/A | 95.4 | N/A | 0% |
| Dominican Republic | N/A | N/A | 325 | N/A | 0% |
| Others | 1.0 | 5.8 | 52.6 | 7.5 | 95.7% |
| Total | 570 | 473 | 1,070 | 990 | 20.2% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Costa Rica in 2022:
- Honduras (96.7 tons)
- El Salvador (64.3 tons)
- Nicaragua (57.7 tons)
- Guatemala (22.5 tons)
- Panama (2.2 tons)
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