Costa Rica: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Costa Rica

In 2022, the Costa Rican market for coconut, abaca, ramie and other vegetable textile fibres decreased by -6.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +150.6% against 2019 indices. Consumption of peaked at $X in 2021, and then contracted in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Costa Rica

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 184% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Costa Rica dropped to X tons per ha, standing approx. at 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by 2.1% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Costa Rica was estimated at X ha, flattening at 2021 figures. In general, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1.3%. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked at X ha in 2017; afterwards, it flattened through to 2022.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Costa Rica

Exports of coconut, abaca, ramie and other vegetable textile fibres from Costa Rica dropped to X tons in 2022, falling by -10.2% compared with 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,248%. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 990% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

The Philippines (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Costa Rica, accounting for a 38% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to the Philippines exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+49.2% per year) and Spain (+147.9% per year).

In value terms, the Philippines ($X) remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Costa Rica, comprising 43% of total exports. The second position in the ranking was held by the UK ($X), with a 6.6% share of total exports. It was followed by Japan, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+50.1% per year) and Japan (+237.0% per year).

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 184% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Spain ($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 Japan (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Costa Rica

In 2022, purchases abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by -34.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 222%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell notably to $X in 2022. In general, imports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by 159%. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

India (X tons), Sri Lanka (X tons) and Spain (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Costa Rica, together comprising 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Costa Rica were Sri Lanka ($X), Canada ($X) and India ($X), with a combined 80% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, growing by 5.8% against the previous year. In general, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.4%. The import price peaked at $X per ton in 2012; however, from 2013 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 Canada ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform