Costa Rica: Cassava Market 2024

Cassava Market Size in Costa Rica

In 2022, the Costa Rican cassava market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Costa Rica

In value terms, cassava production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Cassava production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of cassava in Costa Rica contracted to X tons per ha in 2022, with a decrease of X% on the previous year. Over the period under review, the yield indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cassava yield increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The cassava yield peaked at X tons per ha in 2021, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cassava harvested area in Costa Rica rose significantly to X ha, picking up by X% against the previous year. Overall, the harvested area, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cassava production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cassava Exports

Exports from Costa Rica

Cassava exports from Costa Rica reduced to X tons in 2022, declining by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cassava exports fell to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for cassava exports from Costa Rica, accounting for a X% share of total exports. Moreover, cassava exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for cassava exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, remaining constant against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cassava export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 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 2021, and then shrank modestly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas purchases of cassava, which decreased by X% to X tons in 2022. In general, imports showed a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cassava imports contracted notably to $X in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nicaragua (X tons) was the main supplier of cassava to Costa Rica, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Nicaragua amounted to X%.

In value terms, Nicaragua ($X) constituted the largest supplier of cassava to Costa Rica.

From 2012 to 2022, the average annual growth rate of value from Nicaragua totaled X%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nicaragua.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to X% per year.

Source: IndexBox Platform