Price for Flour and Meal; of Potatoes in Costa Rica - 2021

Price for Flour and Meal; of Potatoes in Costa Rica (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $3,356 per ton, which is down by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2016 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure at $3,632 per ton in 2018; however, from 2019 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 Guatemala ($16,276 per ton), while the price for the United States ($1,380 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Costa Rica (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $439 per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. As a result, the export price reached the peak level of $895 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.9% per year.

Imports of Flour and Meal; of Potatoes in Costa Rica

After two years of decline, supplies from abroad of flour and meal; of potatoeses increased by 64% to 43 tons in 2022. Overall, imports, however, continue to indicate a abrupt slump.

In value terms, flour and meal; of potatoes imports soared to $143K in 2022. Over the period under review, imports, however, faced a drastic downturn.

Import of Flour and Meal; of Potatoes in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	89.2	62.9	33.5	51.0	-17.0%
Italy	76.8	62.1	27.9	43.3	-17.4%
Mexico	47.5	46.6	17.1	20.3	-24.7%
United States	5.6	6.9	6.2	17.8	47.0%
Guatemala	17.2	15.2	6.8	10.3	-15.7%
Others	1.6	1.1	0.5	0.7	-24.1%
Total	238	195	91.9	143	-15.6%

Top Suppliers of Flour and Meal; of Potatoes to Costa Rica in 2022:

Canada (17.6 tons)
United States (12.9 tons)
Italy (8.5 tons)
Mexico (2.5 tons)
Guatemala (0.6 tons)

Exports of Flour and Meal; of Potatoes in Costa Rica

In 2022, overseas shipments of flour and meal; of potatoeses decreased by -25% to 38 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 99.9% against the previous year. As a result, the exports attained the peak of 50 tons, and then dropped sharply in the following year.

In value terms, flour and meal; of potatoes exports reduced notably to $17K in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 99.9% against the previous year. As a result, the exports reached the peak of $22K, and then contracted markedly in the following year.