Costa Rica - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in Costa Rica - 2022
Contents:
- Whey Price in Costa Rica (CIF) - 2022
- Whey Price in Costa Rica (FOB) - 2022
- Whey Imports in Costa Rica
- Whey Exports in Costa Rica
Whey Price in Costa Rica (CIF) - 2022
In 2022, the average whey import price amounted to $1,328 per ton, increasing by 14% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure at $1,475 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Spain ($1,697 per ton), while the price for the Czech Republic ($891 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+42.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Whey Price in Costa Rica (FOB) - 2022
In 2022, the average whey export price amounted to $5,000 per ton, growing by 333% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Nicaragua amounted to -5.9% per year.
Whey Imports in Costa Rica
In 2022, imports of whey into Costa Rica surged to 2.3K tons, with an increase of 21% on 2021. The total import volume increased at an average annual rate of +3.7% 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 2020 when imports increased by 32%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, whey imports skyrocketed to $3.1M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Whey in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 870 | 962 | 1,077 | 1,306 | 14.5% |
Ireland | 58.4 | 29.4 | 107 | 627 | 120.6% |
Chile | 88.5 | 447 | 256 | 474 | 75.0% |
Spain | 112 | 13.1 | 62.9 | 248 | 30.3% |
Canada | 188 | 221 | 78.1 | 195 | 1.2% |
Uruguay | 318 | 465 | 156 | 119 | -27.9% |
Czech Republic | 97.3 | 62.2 | 20.3 | 47.6 | -21.2% |
Others | 310 | 293 | 471 | 58.3 | -42.7% |
Total | 2,041 | 2,493 | 2,229 | 3,075 | 14.6% |
Top Suppliers of Whey to Costa Rica in 2022:
- United States (1149.7 tons)
- Ireland (399.9 tons)
- Chile (334.0 tons)
- Spain (146.3 tons)
- Canada (117.2 tons)
- Uruguay (101.6 tons)
- Czech Republic (53.4 tons)
Whey Exports in Costa Rica
After three years of growth, overseas shipments of whey decreased by 99.9% to 2 kg in 2022. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 875% against the previous year.
In value terms, whey exports declined notably to $10 in 2022. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 784% against the previous year.
Export of Whey in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 1.7 | 5.5 | 7.3 | N/A | 107.2% |
Guatemala | 0.2 | 13.4 | 38.6 | N/A | 1289.2% |
United States | N/A | N/A | N/A | N/A | 0% |
Panama | 0.3 | 0.7 | 0.5 | N/A | 29.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.2 | 19.6 | 46.4 | N/A | 359.2% |
Top Export Markets for Whey from Costa Rica in 2022:
- United States (2.0 kg)
This report provides an in-depth analysis of the whey 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:
- FCL 890 - Whey, Condensed
- FCL 900 - Dry Whey
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 whey market in Costa Rica.
This report provides an in-depth analysis of the global whey market.
This report provides an in-depth analysis of the whey market in Costa Rica.
This report provides an in-depth analysis of the global whey market.
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