Costa Rica: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Costa Rica

The Costa Rican skim powdered milk market soared to $X in 2022, jumping by X% against the previous year. In general, consumption saw a buoyant expansion. Skim powdered milk consumption peaked in 2022 and is expected to retain growth in the immediate term.

Skim Powdered Milk Production in Costa Rica

In value terms, skim powdered milk production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong 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. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Skim Powdered Milk Exports

Exports from Costa Rica

In 2022, skim powdered milk exports from Costa Rica declined sharply to X tons, dropping by X% compared with the year before. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, skim powdered milk exports shrank dramatically to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for skim powdered milk exports from Costa Rica, with a X% share of total exports. Moreover, skim powdered milk exports to Guatemala exceeded the volume sent to the second major destination, El Salvador (X tons), fourfold. Honduras (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 Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for skim powdered milk exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a moderate expansion 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, skim powdered milk export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and Honduras ($X per ton), while the average price for exports to Guatemala ($X per ton) and Nicaragua ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Powdered Milk Imports

Imports into Costa Rica

In 2022, approx. X tons of skim powdered milk were imported into Costa Rica; growing by X% on the year before. Over the period under review, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, skim powdered milk imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest skim powdered milk supplier to Costa Rica, with a X% share of total imports. Moreover, skim powdered milk imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold.

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

In value terms, the United States ($X) constituted the largest supplier of skim powdered milk to Costa Rica, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average skim powdered milk import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price continues to indicate notable growth. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States stood at $X per ton.

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 mixed trend patterns.

Source: IndexBox Platform

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