Price for Vegetable Saps and Extracts; of Hops in Costa Rica - 2022

Price for Vegetable Saps and Extracts; of Hops in Costa Rica (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $34,270 per ton in 2022, reducing by -6.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 63%. As a result, import price attained the peak level of $52,554 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($39,385 per ton), while the price for the United States totaled $32,741 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%).

Imports of Vegetable Saps and Extracts; of Hops in Costa Rica

Imports of vegetable saps and extracts; of hopses into Costa Rica totaled 24 tons in 2022, surging by 12% on the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses rose modestly to $813K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +71.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.