Costa Rica: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Costa Rica

The Costa Rican market for fresh bread and miscellaneous bakery reduced to $X in 2023, declining by X% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Fresh bread and miscellaneous bakery consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Fresh Bread and Miscellaneous Bakery in Costa Rica

In value terms, fresh bread and miscellaneous bakery production dropped slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Fresh bread and miscellaneous bakery production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Fresh Bread and Miscellaneous Bakery

Exports from Costa Rica

In 2023, after two years of decline, there was growth in shipments abroad of fresh bread and miscellaneous bakery, when their volume increased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery exports declined modestly to $X in 2023. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Panama (X tons), Guatemala (X tons) and Nicaragua (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from Costa Rica, with a combined X% share of total exports. The Dominican Republic, Honduras, El Salvador, the United States and Colombia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Guatemala ($X) and Nicaragua ($X) appeared to be the largest markets for fresh bread and miscellaneous bakery exported from Costa Rica worldwide, together accounting for X% of total exports. Honduras, El Salvador, the Dominican Republic, the United States and Colombia lagged somewhat behind, together comprising a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for fresh bread and miscellaneous bakery amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Costa Rica

After three years of decline, overseas purchases of fresh bread and miscellaneous bakery increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, fresh bread and miscellaneous bakery imports reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Guatemala (X tons), the United States (X tons) and Honduras (X tons) were the main suppliers of fresh bread and miscellaneous bakery imports to Costa Rica, with a combined X% share of total imports. Colombia, Mexico, El Salvador and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh bread and miscellaneous bakery suppliers to Costa Rica were the United States ($X), Guatemala ($X) and Honduras ($X), together accounting for X% of total imports. Colombia, El Salvador, Mexico and Panama lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fresh bread and miscellaneous bakery stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform