Costa Rica: Market for Tree, flower and other seeds, fruits and spores for sowing 2024

Market Size for Tree, flower and other seeds, fruits and spores for sowing in Costa Rica

The Costa Rican market for tree, flower and other seeds, fruits and spores for sowing was finally on the rise to reach $X in 2022, after three years of decline. In general, the total consumption indicated a perceptible expansion 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. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Tree, flower and other seeds, fruits and spores for sowing in Costa Rica

In value terms, production of tree, flower and other seeds, fruits and spores for sowing contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Tree, flower and other seeds, fruits and spores for sowing

Exports from Costa Rica

After two years of growth, shipments abroad of tree, flower and other seeds, fruits and spores for sowing decreased by X% to X tons in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tree, flower and other seeds, fruits and spores for sowing contracted dramatically to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Jamaica (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of exports of tree, flower and other seeds, fruits and spores for sowing from Costa Rica, together accounting for 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 Jamaica (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for tree, flower and other seeds, fruits and spores for sowing exported from Costa Rica were the United States ($X), Guatemala ($X) and Colombia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Aruba ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tree, flower and other seeds, fruits and spores for sowing

Imports into Costa Rica

In 2022, the amount of tree, flower and other seeds, fruits and spores for sowing imported into Costa Rica expanded slightly to X tons, surging by X% against the previous year. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of tree, flower and other seeds, fruits and spores for sowing contracted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of tree, flower and other seeds, fruits and spores for sowing to Costa Rica, accounting for a X% share of total imports. Moreover, imports of tree, flower and other seeds, fruits and spores for sowing from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

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

In value terms, Peru ($X), the United States ($X) and Spain ($X) constituted the largest tree, flower and other seeds, fruits and spores for sowing suppliers to Costa Rica, with a combined X% share of total imports. Brazil, South Africa, Italy and Colombia lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average import price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, falling by X% against the previous year. In general, import price indicated modest growth 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, import price for tree, flower and other seeds, fruits and spores for sowing decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 mixed trend patterns.

Source: IndexBox Platform

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