Costa Rica: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Costa Rica

In 2022, the Costa Rican unmanufactured tobacco market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Unmanufactured Tobacco Production in Costa Rica

In value terms, unmanufactured tobacco production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average unmanufactured tobacco yield in Costa Rica was estimated at X tons per ha, picking up by X% on the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average unmanufactured tobacco yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of tobacco (unmanufactured) production in Costa Rica rose significantly to X ha, increasing by X% against the previous year. In general, the harvested area, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to unmanufactured tobacco production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Unmanufactured Tobacco Exports

Exports from Costa Rica

In 2022, shipments abroad of tobacco (unmanufactured) was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, unmanufactured tobacco exports shrank dramatically to $X in 2022. Overall, exports, however, showed a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for unmanufactured tobacco exports from Costa Rica, accounting for a X% share of total exports. Moreover, unmanufactured tobacco exports to Nicaragua exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua totaled X%.

In value terms, the Dominican Republic ($X) and Nicaragua ($X) were the largest markets for unmanufactured tobacco exported from Costa Rica worldwide.

In terms of the main countries of destination, Nicaragua, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Nicaragua amounted to $X per ton.

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

Unmanufactured Tobacco Imports

Imports into Costa Rica

In 2022, purchases abroad of tobacco (unmanufactured) increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, unmanufactured tobacco imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nicaragua (X tons), the Dominican Republic (X tons) and Ecuador (X tons) were the main suppliers of unmanufactured tobacco imports to Costa Rica, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), the Dominican Republic ($X) and Ecuador ($X) appeared to be the largest unmanufactured tobacco suppliers to Costa Rica, together comprising X% of total imports.

Nicaragua, with a CAGR of X%, saw 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

The average unmanufactured tobacco import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Nicaragua ($X per ton) and Cuba ($X per ton), while the price for the Dominican Republic ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :