Price for Cereal Flours; Other than of Wheat or Meslin in Costa Rica - 2022

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Costa Rica (FOB) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Costa Rica (CIF) - 2022
3. Exports of Cereal Flours; Other than of Wheat or Meslin in Costa Rica
4. Imports of Cereal Flours; Other than of Wheat or Meslin in Costa Rica

Price for Cereal Flours; Other than of Wheat or Meslin in Costa Rica (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $740 per ton in 2022, jumping by 22% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $946 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($1,061 per ton), while the average price for exports to El Salvador ($516 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 (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Costa Rica (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $873 per ton in 2022, rising by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. Over the period under review, average import prices hit record highs at $1,031 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,747 per ton), while the price for El Salvador ($717 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Flours; Other than of Wheat or Meslin in Costa Rica

In 2022, the amount of cereal flours; other than of wheat or meslin exported from Costa Rica skyrocketed to 14K tons, picking up by 65% against the year before. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 328%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of cereal flours; other than of wheat or meslin surged to $10M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 238% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Costa Rica in 2022:

1. Honduras (5.6K tons)
2. Nicaragua (4.5K tons)
3. El Salvador (2.3K tons)
4. Panama (0.7K tons)

Imports of Cereal Flours; Other than of Wheat or Meslin in Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in supplies from abroad of cereal flours; other than of wheat or meslin, which increased by 15% to 10K tons in 2022. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin skyrocketed to $9M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Costa Rica in 2022:

1. El Salvador (6.1K tons)
2. Colombia (2.6K tons)
3. Mexico (0.8K tons)
4. United States (0.5K tons)
5. Guatemala (0.3K tons)

Source: IndexBox Market Intelligence Platform