Costa Rica: Coconut Market Overview 2020

Coconut Market Size in Costa Rica

The revenue of the coconut market in Costa Rica amounted to $X in 2018, approximately equating the previous year. In general, coconut consumption continues to indicate a slight drop. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the coconut market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Coconut Production in Costa Rica

In value terms, coconut production stood at $X in 2018 estimated in export prices. In general, coconut production continues to indicate a temperate expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, coconut production reached its maximum level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Average yield of coconuts in Costa Rica amounted to X tonne per ha in 2018, surging by X% against the previous year. Over the period under review, the yield indicated a resilient increase from 2007 to 2018: its figure 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 2018 figures, coconut yield increased by +X% against 2013 indices. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Coconut yield peaked in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of coconuts in Costa Rica totaled X ha, lowering by -X% against the previous year. Overall, the coconut harvested area continues to indicate an abrupt decrease. Over the period under review, the harvested area dedicated to coconut production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Coconut Exports

Exports from Costa Rica

In 2018, the amount of coconuts exported from Costa Rica stood at X tonnes, increasing by X% against the previous year. In general, coconut exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, coconut exports totaled $X in 2018. Overall, coconut exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Coconut Imports

Imports into Costa Rica

In 2018, approx. X kg of coconuts were imported into Costa Rica; declining by -X% against the previous year. In general, coconut imports continue to indicate a precipitous downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, coconut imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, coconut imports amounted to $X in 2018. In general, coconut imports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. In that year, coconut imports attained their peak of $X. From 2014 to 2018, the growth of coconut imports failed to regain its momentum.

Source: IndexBox AI Platform