Frozen Skipjack Tuna Price in Costa Rica - 2022

Frozen Skipjack Tuna Price in Costa Rica (CIF) - 2022

In 2022, the average frozen skipjack tuna import price amounted to $1,917 per ton, growing by 6.2% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 14%. The import price peaked at $2,187 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($2,032 per ton), while the price for Maldives totaled $1,803 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Skipjack Tuna Price in Costa Rica (FOB) - 2022

In 2022, the average frozen skipjack tuna export price amounted to $1,652 per ton, standing approx. at the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen skipjack tuna export price decreased by -14.3% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 50%. The export price peaked at $1,927 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +4.6% per year.

Frozen Skipjack Tuna Imports in Costa Rica

In 2022, overseas purchases of frozen skipjack tuna decreased by -69.6% to 200 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 107% against the previous year.

In value terms, frozen skipjack tuna imports shrank remarkably to $384K in 2022. In general, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2020 when imports increased by 108%.

Import of Frozen Skipjack Tuna in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	47.4	119	116	203	62.4%
Maldives	37.2	113	195	181	69.5%
Ecuador	11.7	39.9	141	N/A	247.1%
Nicaragua	N/A	45.0	N/A	N/A	0%
Spain	42.8	78.6	160	N/A	93.3%
China	156	159	101	N/A	-19.5%
Panama	27.2	60.2	165	N/A	146.3%
Taiwan (Chinese)	23.8	66.4	313	N/A	262.6%
Others	N/A	36.6	N/A	N/A	0%
Total	346	718	1,190	384	3.5%

Top Suppliers of Frozen Skipjack Tuna to Costa Rica in 2022:

Maldives (100.2 tons)
Thailand (100.0 tons)

Frozen Skipjack Tuna Exports in Costa Rica

Frozen skipjack tuna exports from Costa Rica amounted to 100 tons in 2022, stabilizing at 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, frozen skipjack tuna exports amounted to $166K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.