Brown Rice Price in Costa Rica - 2022
Contents:
- Brown Rice Price in Costa Rica (CIF) - 2022
- Brown Rice Price in Costa Rica (FOB) - 2022
- Brown Rice Imports in Costa Rica
- Brown Rice Exports in Costa Rica
Brown Rice Price in Costa Rica (CIF) - 2022
The average brown rice import price stood at $969 per ton in 2022, shrinking by -7.8% against the previous year. Overall, the import price, however, recorded measured growth. The growth pace was the most rapid in 2020 when the average import price increased by 78% against the previous year. The import price peaked at $1,051 per ton in 2021, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.7% per year.
Brown Rice Price in Costa Rica (FOB) - 2022
The average brown rice export price stood at $517 per ton in 2022, leveling off at the previous year. Overall, the export price, however, saw a mild slump. The pace of growth appeared the most rapid in 2015 an increase of 122% against the previous year. As a result, the export price reached the peak level of $1,315 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +0.3% per year.
Brown Rice Imports in Costa Rica
In 2022, approx. 9.1 tons of husked (brown) rice were imported into Costa Rica; which is down by -93.8% on 2021. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year.
In value terms, brown rice imports declined markedly to $8.8K in 2022. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 176% against the previous year.
| Import of Brown Rice in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 25.4 | 1.1 | 2.2 | 8.8 | -29.8% |
| Thailand | 41.2 | 2.5 | 6.2 | N/A | -61.2% |
| Paraguay | 71.4 | N/A | N/A | N/A | 0% |
| Chile | 181 | N/A | N/A | N/A | 0% |
| Guatemala | 54.0 | 2.8 | 6.0 | N/A | -66.7% |
| United States | 36.2 | 6.9 | 26.8 | N/A | -14.0% |
| El Salvador | 667 | 42.3 | 112 | N/A | -59.0% |
| Others | 20.6 | 0.5 | 1.3 | N/A | -74.9% |
| Total | 1,096 | 56.1 | 155 | 8.8 | -80.0% |
Top Suppliers of Brown Rice to Costa Rica in 2022:
- Nicaragua (9.1 tons)
Brown Rice Exports in Costa Rica
In 2022, approx. 303 tons of husked (brown) rice were exported from Costa Rica; approximately mirroring 2021. The total export volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, brown rice exports reached $157K in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.9%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Brown Rice in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 135 | 142 | 134 | 157 | 5.2% |
| El Salvador | N/A | N/A | 21.4 | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 135 | 142 | 156 | 157 | 5.2% |
Top Export Markets for Brown Rice from Costa Rica in 2022:
- Nicaragua (302.9 tons)
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