Milled Rice Price in Costa Rica - 2022
Contents:
- Milled Rice Price in Costa Rica (CIF) - 2022
- Milled Rice Price in Costa Rica (FOB) - 2022
- Milled Rice Imports in Costa Rica
- Milled Rice Exports in Costa Rica
Milled Rice Price in Costa Rica (CIF) - 2022
The average milled rice import price stood at $734 per ton in 2022, surging by 32% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $785 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,138 per ton), while the price for Paraguay ($594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Costa Rica (FOB) - 2022
In 2022, the average milled rice export price amounted to $660 per ton, rising by 32% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milled rice export price increased by +73.6% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Curacao ($993 per ton), while the average price for exports to the United States ($173 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 El Salvador (+64.8%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Costa Rica
For the third year in a row, Costa Rica recorded decline in purchases abroad of semi-milled or wholly milled (bleached) rice, which decreased by -3.1% to 31K tons in 2022. Over the period under review, imports recorded a deep contraction.
In value terms, milled rice imports surged to $23M in 2022. In general, imports recorded a abrupt downturn.
| Import of Milled Rice in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 10.2 | 13.6 | 5.7 | 13.4 | 9.5% |
| Argentina | 8.4 | 2.5 | 3.9 | 6.3 | -9.1% |
| United States | 3.6 | 1.2 | 2.9 | 2.0 | -17.8% |
| Paraguay | 5.0 | 6.5 | 2.8 | 0.5 | -53.6% |
| El Salvador | 1.0 | N/A | 1.8 | 0.3 | -33.1% |
| Others | 0.3 | 0.8 | 0.7 | 0.3 | 0.0% |
| Total | 28.5 | 24.5 | 17.8 | 22.8 | -7.2% |
Top Suppliers of Milled Rice to Costa Rica in 2022:
- Uruguay (18.5K tons)
- Argentina (9.1K tons)
- United States (1.7K tons)
- Paraguay (0.8K tons)
- El Salvador (0.4K tons)
Milled Rice Exports in Costa Rica
After three years of growth, shipments abroad of semi-milled or wholly milled (bleached) rice decreased by -28.3% to 621 tons in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 202%.
In value terms, milled rice exports fell to $410K in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 248%.
| Export of Milled Rice in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 94.8 | 321 | 432 | 395 | 60.9% |
| Curacao | N/A | N/A | N/A | 15.0 | 0% |
| Others | 2.4 | 17.8 | 0.1 | 0.5 | -40.7% |
| Total | 97.2 | 339 | 432 | 410 | 61.6% |
Top Export Markets for Milled Rice from Costa Rica in 2022:
- Nicaragua (605.4 tons)
- Curacao (15.1 tons)
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