Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica - 2022

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica (FOB) - 2022
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica (CIF) - 2022
3. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica
4. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $27,253 per ton in 2022, with a decrease of -7.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $47,169 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($43,498 per ton), while the average price for exports to Israel ($13,000 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 the United States (+2.4%), while the prices for the other major destinations experienced a decline.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica (CIF) - 2022

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $18,381 per ton in 2022, rising by 37% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($29,706 per ton), while the price for Guatemala ($2,214 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica

In 2022, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Costa Rica skyrocketed to 510 tons, growing by 51% on 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $14M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 41%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Costa Rica in 2022:

1. United States (360.3 tons)
2. Canada (51.1 tons)
3. Israel (36.8 tons)
4. Germany (36.8 tons)
5. Netherlands (17.4 tons)

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which decreased by -40.1% to 37 tons in 2022. Overall, imports recorded a sharp contraction. The smallest decline of -18.1% was in 2020.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses reduced sharply to $689K in 2022. In general, imports showed a drastic downturn. The smallest decline of -5.2% was in 2020.

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Costa Rica in 2022:

1. United States (18.1 tons)
2. Guatemala (6.8 tons)
3. Ireland (4.0 tons)
4. Brazil (3.7 tons)
5. Spain (3.3 tons)
6. United Kingdom (0.8 tons)
7. Mexico (0.6 tons)

Source: IndexBox Market Intelligence Platform