Spices; Saffron Price in Costa Rica - 2022
Contents:
- Spices; Saffron Price in Costa Rica (CIF) - 2022
- Spices; Saffron Price in Costa Rica (FOB) - 2022
- Spices; Saffron Imports in Costa Rica
- Spices; Saffron Exports in Costa Rica
Spices; Saffron Price in Costa Rica (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $588,349 per ton, growing by 62% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $769,909 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($797,385 per ton), while the price for Italy ($309,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Costa Rica (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $1,129 per ton, waning by -86.6% against the previous year. In general, the export price showed a sharp setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 109%. Over the period under review, the average export prices hit record highs at $97,944 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Suriname ($1,239 per ton), while the average price for exports to Hong Kong SAR amounted to $1,114 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-31.5%).
Spices; Saffron Imports in Costa Rica
In 2022, approx. 106 kg of spices; saffra were imported into Costa Rica; almost unchanged from the previous year. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 49%.
In value terms, spices; saffron imports surged to $62K in 2022. In general, imports showed a abrupt shrinkage.
| Import of Spices; Saffron in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.4 | 9.3 | 25.6 | 40.1 | 4.2% |
| Spain | 18.2 | 9.6 | 4.6 | 20.7 | 4.4% |
| Italy | 10.3 | 1.6 | 1.2 | 1.5 | -47.4% |
| India | 8.0 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 6.0 | 6.0 | 7.5 | N/A | 11.8% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 78.2 | 26.7 | 39.0 | 62.4 | -7.2% |
Top Suppliers of Spices; Saffron to Costa Rica in 2022:
- United States (75.0 kg)
- Spain (26.0 kg)
- Italy (5.0 kg)
Spices; Saffron Exports in Costa Rica
In 2022, the amount of spices; saffra exported from Costa Rica soared to 8 tons, jumping by 616% against 2021 figures. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports fell slightly to $9K in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, the exports reached the peak of $9.8K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Saffron in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3.2 | 5.5 | 1.8 | 7.8 | 34.6% |
| Suriname | N/A | N/A | N/A | 1.2 | 0% |
| Guatemala | 2.7 | 4.3 | N/A | N/A | 59.3% |
| United States | N/A | N/A | 7.6 | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 6.5 | 9.8 | 9.4 | 9.0 | 11.5% |
Top Export Markets for Spices; Saffron from Costa Rica in 2022:
- Hong Kong SAR (7.0 tons)
- Suriname (1.0 tons)
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