Costa Rica: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Costa Rica

The Costa Rican battered fish fillet market dropped modestly to $X in 2022, waning by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Battered Fish Fillet Production in Costa Rica

In value terms, battered fish fillet production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Costa Rica

For the third consecutive year, Costa Rica recorded growth in overseas shipments of fish fillets in batter or breadcrumbs, which increased by X% to X tons in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, battered fish fillet exports surged to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Nicaragua (X tons), El Salvador (X tons) and Germany (X kg) were the main destinations of battered fish fillet exports from Costa Rica, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X) emerged as the key foreign market for fish fillets in batter or breadcrumbs exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Costa Rica

Battered fish fillet imports into Costa Rica was estimated at X tons in 2022, increasing by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, battered fish fillet imports soared to $X in 2022. In general, total imports indicated a moderate 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. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main battered fish fillet supplier to Costa Rica, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Costa Rica.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%.

Import Prices by Country

In 2022, the average battered fish fillet import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :