Costa Rica: Root And Tuber Market 2024

Root And Tuber Market Size in Costa Rica

In 2022, the Costa Rican root and tuber market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a temperate 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Root And Tuber Production in Costa Rica

In value terms, root and tuber production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Costa Rica dropped to X tons per ha in 2022, with a decrease of X% against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average root and tuber 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 root and tuber harvested area in Costa Rica declined slightly to X ha, reducing by X% against the previous year. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Costa Rica

In 2022, overseas shipments of roots and tubers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, root and tuber exports fell significantly to $X in 2022. Overall, total exports indicated a pronounced 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. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for root and tuber exports from Costa Rica, with a X% share of total exports. Moreover, root and tuber exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average root and tuber export 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%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Costa Rica

In 2022, overseas purchases of roots and tubers increased by X% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, root and tuber imports rose sharply to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), Canada (X tons) and Nicaragua (X tons) were the main suppliers of root and tuber imports to Costa Rica.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Canada ($X) and Nicaragua ($X) constituted the largest root and tuber suppliers to Costa Rica.

The United States, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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