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Costa Rica - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Costa Rica - 2021
Contents:
- Refined Olive Oil Price in Costa Rica (CIF) - 2021
- Refined Olive Oil Price in Costa Rica (FOB) - 2022
- Refined Olive Oil Imports in Costa Rica
- Refined Olive Oil Exports in Costa Rica
Refined Olive Oil Price in Costa Rica (CIF) - 2021
In March 2020, the average refined olive oil import price amounted to $3,237 per ton, waning by -10% against the previous month. In general, the import price showed a deep reduction. As a result, import price reached the peak level of $3,939 per ton. From February 2020 to March 2020, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2020, the country with the highest price was Spain ($3,654 per ton), while the price for Italy ($1,896 per ton) was amongst the lowest.
From January 2020 to March 2020, the most notable rate of growth in terms of prices was attained by Spain (-1.8%), while the prices for the other major suppliers experienced a decline.
Refined Olive Oil Price in Costa Rica (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $8,922 per ton, reducing by -12.9% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. The export price peaked at $10,247 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($28,000 per ton), while the average price for exports to El Salvador ($8,628 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 France (+965.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Costa Rica
After three years of growth, overseas purchases of refined olive oil decreased by -0.8% to 1.1K tons in 2022. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%.
In value terms, refined olive oil imports contracted to $4.5M in 2022. The total import value increased at an average annual rate of +8.2% 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 36% against the previous year. As a result, imports reached the peak of $5.2M, and then fell in the following year.
Import of Refined Olive Oil in Costa Rica (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2.8 | 3.1 | 4.1 | 3.7 | 9.7% |
United States | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
Italy | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.5 | 3.8 | 5.2 | 4.5 | 8.7% |
Top Suppliers of Refined Olive Oil to Costa Rica in 2022:
- Spain (976.2 tons)
- United States (130.8 tons)
- Italy (33.3 tons)
Refined Olive Oil Exports in Costa Rica
In 2022, shipments abroad of refined olive oil increased by 27% to 103 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic decrease.
In value terms, refined olive oil exports amounted to $919 in 2022. Over the period under review, exports, however, continue to indicate a sharp reduction.
Export of Refined Olive Oil in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 4.7 | 0.6 | 0.3 | 0.7 | -47.0% |
Panama | 4.5 | 0.4 | 0.1 | 0.2 | -64.6% |
Others | 0.4 | 0.1 | 0.5 | N/A | 11.8% |
Total | 9.6 | 1.0 | 0.8 | 0.9 | -54.6% |
Top Export Markets for Refined Olive Oil from Costa Rica in 2022:
- El Salvador (78.0 kg)
- Panama (20.0 kg)
This report provides an in-depth analysis of the refined olive oil market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Costa Rica
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Costa Rica
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined olive oil market in Costa Rica.
This report provides an in-depth analysis of the virgin olive oil market in Costa Rica.
This report provides an in-depth analysis of the olive oil market in Costa Rica.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the refined olive oil market in Costa Rica.
This report provides an in-depth analysis of the virgin olive oil market in Costa Rica.
This report provides an in-depth analysis of the olive oil market in Costa Rica.
This report provides an in-depth analysis of the global refined olive oil market.
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