Costa Rica: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Costa Rica

In 2023, the Costa Rican pimenta pepper market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Pimenta Pepper Production in Costa Rica

In value terms, pimenta pepper production fell sharply to $X in 2023 estimated in export price. In general, production recorded a abrupt contraction. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

In 2023, the average pimenta pepper yield in Costa Rica amounted to less than X kg per ha, therefore, remained relatively stable against 2022 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of pimenta pepper production in Costa Rica stood at less than X ha, flattening at 2022 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Pimenta Pepper Exports

Exports from Costa Rica

In 2023, shipments abroad of pimenta pepper was finally on the rise to reach X tons after three years of decline. In general, exports posted pronounced growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, pimenta pepper exports expanded remarkably to $X in 2023. Overall, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for pimenta pepper exports from Costa Rica, with a X% share of total exports. Moreover, pimenta pepper exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by Jamaica (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Jamaica (X% per year).

In value terms, the United States ($X) remains the key foreign market for pimenta pepper exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2023, the average pimenta pepper export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pimenta Pepper Imports

Imports into Costa Rica

In 2023, approx. X tons of pimenta pepper were imported into Costa Rica; jumping by X% on 2022 figures. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, pimenta pepper imports rose remarkably to $X in 2023. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Honduras (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of pimenta pepper imports to Costa Rica, with a combined X% share of total imports. Colombia, China, India and Jamaica lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pimenta pepper suppliers to Costa Rica were Spain ($X), the United States ($X) and China ($X), together comprising X% of total imports. Honduras, Colombia, India and Jamaica lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average pimenta pepper import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pimenta pepper import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted notably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform