Price for Flours and Meals; of Soya Beans in Costa Rica - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Costa Rica (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Costa Rica (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Costa Rica
4. Exports of Flours and Meals; of Soya Beans in Costa Rica

Price for Flours and Meals; of Soya Beans in Costa Rica (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,786 per ton, surging by 78% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $1,810 per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($1,902 per ton), while the price for the United States amounted to $946 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.4%).

Price for Flours and Meals; of Soya Beans in Costa Rica (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $750 per ton in 2022, rising by 142% against the previous year. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $2,049 per ton in 2012; however, from 2013 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +204.3% per year.

Imports of Flours and Meals; of Soya Beans in Costa Rica

In 2022, approx. 7.3 tons of flours and meals; of soya beanses were imported into Costa Rica; falling by -16.1% on 2021. Overall, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 8.7 tons, and then declined markedly in the following year.

In value terms, imports of flours and meals; of soya beanses soared to $13K in 2022. Over the period under review, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flours and Meals; of Soya Beans to Costa Rica in 2022:

1. Mexico (6.4 tons)
2. United States (0.9 tons)

Exports of Flours and Meals; of Soya Beans in Costa Rica

In 2022, the amount of flours and meals; of soya beanses exported from Costa Rica dropped remarkably to 4 kg, waning by -99.5% on 2021 figures. Over the period under review, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year.

In value terms, exports of flours and meals; of soya beanses fell markedly to $3 in 2022. In general, exports saw a precipitous descent. The smallest decline of -17.3% was in 2021.

Top Export Markets for Flours and Meals; of Soya Beans from Costa Rica in 2022:

1. United States (4.0 kg)

Source: IndexBox Market Intelligence Platform