Costa Rica: Confectionery Market 2024

Confectionery Market Size in Costa Rica

The Costa Rican confectionery market expanded markedly to $X in 2022, surging by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Confectionery Production in Costa Rica

In value terms, confectionery production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Confectionery Exports

Exports from Costa Rica

In 2022, overseas shipments of confectionery decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, confectionery exports expanded remarkably to $X in 2022. In general, total exports indicated a buoyant increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Guatemala (X tons), Honduras (X tons) and the United States (X tons) were the main destinations of confectionery exports from Costa Rica, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), the United States ($X) and Honduras ($X) were the largest markets for confectionery exported from Costa Rica worldwide, with a combined X% share of total exports.

Among the main countries of destination, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to El Salvador ($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 Panama (X%), while the prices for the other major destinations experienced a decline.

Confectionery Imports

Imports into Costa Rica

After two years of decline, purchases abroad of confectionery increased by X% to X tons in 2022. The total import volume 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. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, confectionery imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia (X tons), Guatemala (X tons) and the United States (X tons) were the main suppliers of confectionery imports to Costa Rica, together accounting for X% of total imports. Mexico, El Salvador, Brazil, Spain, Turkey, Honduras, Peru, the Netherlands, China and Chile lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Colombia ($X) and Mexico ($X) constituted the largest confectionery suppliers to Costa Rica, with a combined X% share of total imports. Guatemala, El Salvador, Spain, the Netherlands, Brazil, Peru, Turkey, China, Chile and Honduras lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average confectionery import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Honduras ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform