Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica - 2022

Contents:

  1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (CIF) - 2022
  2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (FOB) - 2022
  3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica
  4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (CIF) - 2022

In 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,165 per ton, increasing by 29% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by +60.4% against 2019 indices. The import price peaked at $1,217 per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($1,475 per ton), while the price for the United States ($1,099 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,599 per ton, with an increase of 18% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($2,527 per ton), while the average price for exports to the United States ($1,256 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 (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica

In 2022, overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -20.7% to 32K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 3.5% against the previous year. As a result, imports attained the peak of 44K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid expanded slightly to $38M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 10%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States25.020.132.028.24.1%
Chile3.911.42.57.222.7%
Italy1.31.21.71.913.5%
Others0.80.70.50.3-27.9%
Total30.933.436.737.76.9%

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Costa Rica in 2022:

  1. United States (25.7K tons)
  2. Chile (4.9K tons)
  3. Italy (1.6K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica

In 2022, overseas shipments of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -24.4% to 3.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 9.9% against the previous year. As a result, the exports attained the peak of 5.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid contracted to $5.8M in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.7% against the previous year.

Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras5.45.75.64.4-6.6%
Panama0.50.60.60.921.6%
United StatesN/AN/A0.20.5150.0%
OthersN/A0.10.1N/A0.0%
Total6.06.46.55.8-1.1%

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Costa Rica in 2022:

  1. Honduras (2863.1 tons)
  2. United States (422.5 tons)
  3. Panama (350.0 tons)

Source: IndexBox Market Intelligence Platform

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