Costa Rica: Green Coffee Market 2024

Green Coffee Market Size in Costa Rica

In 2022, the Costa Rican green coffee market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, showed a slight contraction. Green coffee consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Green Coffee Production in Costa Rica

In value terms, green coffee production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of coffee (green) in Costa Rica expanded markedly to X tons per ha, increasing by X% on 2021 figures. Overall, the yield, however, saw a slight decline. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average green coffee yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green coffee harvested area in Costa Rica contracted to X ha in 2022, waning by X% on the previous year's figure. In general, the harvested area recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green coffee production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Green Coffee Exports

Exports from Costa Rica

In 2022, approx. X tons of coffee (green) were exported from Costa Rica; waning by X% against the previous year's figure. Overall, exports recorded a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, green coffee exports totaled $X in 2022. In general, exports saw a mild curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for green coffee exports from Costa Rica, accounting for a X% share of total exports. Moreover, green coffee exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The average green coffee export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Green Coffee Imports

Imports into Costa Rica

In 2022, purchases abroad of coffee (green) was finally on the rise to reach X tons after two years of decline. Overall, imports saw resilient growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, green coffee imports skyrocketed to $X in 2022. In general, imports posted strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Nicaragua (X tons) constituted the largest supplier of green coffee to Costa Rica, accounting for a X% share of total imports. Moreover, green coffee imports from Nicaragua exceeded the figures recorded by the second-largest supplier, Honduras (X tons), fourfold. The third position in this ranking was held by Peru (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Nicaragua totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and Peru (X% per year).

In value terms, Nicaragua ($X) constituted the largest supplier of coffee (green) to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Honduras ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Nicaragua totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and Peru (X% per year).

Import Prices by Country

The average green coffee import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a mild downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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