Costa Rica - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Costa Rica - 2021
Contents:
- Breakfast Cereal Price in Costa Rica (CIF) - 2022
- Breakfast Cereal Price in Costa Rica (FOB) - 2022
- Breakfast Cereal Imports in Costa Rica
- Breakfast Cereal Exports in Costa Rica
Breakfast Cereal Price in Costa Rica (CIF) - 2022
The average breakfast cereal import price stood at $2,767 per ton in 2022, rising by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,674 per ton), while the price for Argentina ($738 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Costa Rica (FOB) - 2022
In 2022, the average breakfast cereal export price amounted to $4,502 per ton, surging by 12% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breakfast cereal export price increased by +77.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($7,514 per ton), while the average price for exports to Jamaica ($2,647 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 Guatemala (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in Costa Rica
Breakfast cereal imports into Costa Rica shrank to 9.6K tons in 2022, with a decrease of -10.1% compared with the previous year's figure. Overall, imports showed a abrupt contraction. The smallest decline of -0.5% was in 2021.
In value terms, breakfast cereal imports shrank to $27M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 8.6% against the previous year. As a result, imports attained the peak of $27M, and then fell in the following year.
| Import of Breakfast Cereal in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 10.1 | 9.8 | 10.8 | 10.4 | 1.0% |
| United States | 5.3 | 5.3 | 4.6 | 4.6 | -4.6% |
| El Salvador | 3.0 | 2.0 | 3.0 | 3.3 | 3.2% |
| Guatemala | 2.5 | 2.5 | 2.9 | 3.3 | 9.7% |
| Honduras | 1.0 | 1.0 | 1.3 | 1.4 | 11.9% |
| Uruguay | 1.5 | 1.6 | 1.4 | 1.2 | -7.2% |
| Argentina | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Paraguay | 0.8 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 2.5 | 3.0 | 2.3 | -4.0% |
| Total | 26.7 | 24.9 | 27.0 | 26.6 | -0.1% |
Top Suppliers of Breakfast Cereal to Costa Rica in 2022:
- Paraguay (undefinedK tons)
- Mexico (4.0K tons)
- Uruguay (1.5K tons)
- Guatemala (1.1K tons)
- United States (1.0K tons)
- El Salvador (0.7K tons)
- Honduras (0.3K tons)
- Argentina (0.3K tons)
Breakfast Cereal Exports in Costa Rica
For the third consecutive year, Costa Rica recorded decline in shipments abroad of breakfast cereals, which decreased by -3.3% to 1.5K tons in 2022. In general, exports faced a dramatic decline.
In value terms, breakfast cereal exports rose notably to $6.7M in 2022. Over the period under review, exports continue to indicate a abrupt slump.
| Export of Breakfast Cereal in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 3,530 | 3,425 | 3,089 | 3,500 | -0.3% |
| Honduras | 486 | 551 | 458 | 616 | 8.2% |
| Nicaragua | 345 | 541 | 473 | 608 | 20.8% |
| Guatemala | 1,656 | 1,089 | 544 | 483 | -33.7% |
| United States | 707 | 222 | 355 | 408 | -16.7% |
| El Salvador | 411 | 463 | 304 | 332 | -6.9% |
| Peru | 173 | 259 | 278 | 220 | 8.3% |
| Dominican Republic | 243 | 215 | 212 | 188 | -8.2% |
| Jamaica | 93.6 | 127 | 205 | 130 | 11.6% |
| Trinidad and Tobago | 267 | 201 | 133 | 91.3 | -30.1% |
| Others | 330 | 180 | 153 | 134 | -25.9% |
| Total | 8,240 | 7,273 | 6,203 | 6,711 | -6.6% |
Top Export Markets for Breakfast Cereal from Costa Rica in 2022:
- Panama (815.8 tons)
- Honduras (157.3 tons)
- Nicaragua (147.7 tons)
- Guatemala (91.1 tons)
- United States (67.4 tons)
- El Salvador (67.0 tons)
- Jamaica (49.0 tons)
- Peru (35.6 tons)
- Dominican Republic (25.1 tons)
- Trinidad and Tobago (18.7 tons)
This report provides an in-depth analysis of the breakfast cereal 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 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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
-
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
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