Price for Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $5,483 per ton, waning by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $5,826 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 El Salvador ($25,846 per ton), while the price for India ($3,319 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,871 per ton in 2022, shrinking by -2.9% against the previous year. Overall, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. As a result, the export price reached the peak level of $4,389 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($7,887 per ton), while the average price for exports to the Netherlands ($968 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 Nicaragua (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica
In 2022, approx. 101 tons of spices; mixtures of 2 or more products of the same heading were imported into Costa Rica; stabilizing at the previous year's figure. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 96% against the previous year. As a result, imports reached the peak of 183 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted slightly to $551K in 2022. Over the period under review, imports showed a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of 119% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 279 | 593 | 343 | 312 | 3.8% |
| India | 90.8 | 173 | 100 | 98.3 | 2.7% |
| Spain | 40.9 | 115 | 64.9 | 92.0 | 31.0% |
| Turkey | 12.1 | 50.8 | 32.0 | 26.9 | 30.5% |
| Singapore | N/A | 44.1 | N/A | N/A | 0% |
| Italy | N/A | 16.9 | 3.6 | N/A | -78.7% |
| Others | 62.7 | 72.7 | 28.1 | 22.0 | -29.5% |
| Total | 486 | 1,064 | 572 | 551 | 4.3% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Costa Rica in 2022:
- United States (43.7 tons)
- India (29.6 tons)
- Spain (19.4 tons)
- Turkey (5.8 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica
After three years of growth, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -98% to 46 tons in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 7,554%. As a result, the exports attained the peak of 2.3K tons, and then dropped notably in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading declined significantly to $131K in 2022. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 5,054% against the previous year. As a result, the exports reached the peak of $6.9M, and then shrank sharply in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 8.7 | 11.1 | 623 | 38.6 | 64.3% |
| Panama | 55.7 | 86.8 | 1,983 | 29.1 | -19.5% |
| France | 6.8 | 0.7 | N/A | 21.6 | 47.0% |
| El Salvador | 22.8 | 32.4 | 1,219 | 20.7 | -3.2% |
| Netherlands | N/A | N/A | 2,119 | 7.2 | -99.7% |
| Canada | N/A | N/A | 242 | 4.8 | -98.0% |
| Guatemala | 0.1 | 1.3 | 18.3 | 3.8 | 236.2% |
| United Kingdom | N/A | N/A | 585 | 1.7 | -99.7% |
| Others | 0.6 | 2.3 | 143 | 3.7 | 83.4% |
| Total | 94.7 | 135 | 6,933 | 131 | 11.4% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Costa Rica in 2022:
- France (15.5 tons)
- Netherlands (7.5 tons)
- Panama (6.2 tons)
- El Salvador (5.8 tons)
- Nicaragua (4.9 tons)
- Canada (2.2 tons)
- Guatemala (1.4 tons)
- United Kingdom (0.9 tons)
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