Price for Vegetable Products Not Elsewhere Specified or Included in Costa Rica - 2022

Contents:

1. Price for Vegetable Products Not Elsewhere Specified or Included in Costa Rica (FOB) - 2022
2. Price for Vegetable Products Not Elsewhere Specified or Included in Costa Rica (CIF) - 2022
3. Exports of Vegetable Products Not Elsewhere Specified or Included in Costa Rica
4. Imports of Vegetable Products Not Elsewhere Specified or Included in Costa Rica

Price for Vegetable Products Not Elsewhere Specified or Included in Costa Rica (FOB) - 2022

In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $1,587 per ton, declining by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,713 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($1,732 per ton) and Spain ($1,578 per ton), while the average price for exports to the United States ($1,514 per ton) and Argentina ($1,546 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vegetable Products Not Elsewhere Specified or Included in Costa Rica (CIF) - 2022

The average import price for vegetable products not elsewhere specified or includeds stood at $1,519 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 70%. The import price peaked at $2,162 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Chile ($8,636 per ton), while the price for Latvia ($403 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetable Products Not Elsewhere Specified or Included in Costa Rica

In 2022, approx. 1.4K tons of vegetable products not elsewhere specified or includeds were exported from Costa Rica; growing by 43% on 2021 figures. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 192%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of vegetable products not elsewhere specified or includeds skyrocketed to $2.3M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 215% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Costa Rica in 2022:

1. United States (1223.6 tons)
2. Spain (144.0 tons)
3. Argentina (17.6 tons)
4. Netherlands (14.0 tons)

Imports of Vegetable Products Not Elsewhere Specified or Included in Costa Rica

In 2022, imports of vegetable products not elsewhere specified or includeds into Costa Rica contracted slightly to 623 tons, remaining constant against 2021 figures. Over the period under review, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 0.7% against the previous year.

In value terms, imports of vegetable products not elsewhere specified or includeds surged to $994K in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Costa Rica in 2022:

1. Sri Lanka (292.9 tons)
2. Guatemala (160.6 tons)
3. Mexico (51.9 tons)
4. Latvia (32.0 tons)
5. Netherlands (23.1 tons)
6. Chile (21.3 tons)
7. Peru (19.1 tons)
8. Indonesia (16.0 tons)

Source: IndexBox Market Intelligence Platform