Costa Rica: Market for Frozen, Dried And Smoked Fish 2025

Market Size for Frozen, Dried And Smoked Fish in Costa Rica

The Costa Rican market for frozen, dried and smoked fish skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a buoyant 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 increased by X% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Costa Rica

In value terms, frozen, dried and smoked fish production totaled $X in 2022 estimated in export price. The total output value 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 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Costa Rica

In 2022, overseas shipments of frozen, dried and smoked fish decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports reduced to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for frozen, dried and smoked fish exports from Costa Rica, with a X% share of total exports. Moreover, frozen, dried and smoked fish exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. Nicaragua (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Nicaragua (X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen, dried and smoked fish exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Nicaragua ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Costa Rica

Frozen, dried and smoked fish imports into Costa Rica soared to X tons in 2022, rising by X% compared with the previous year's figure. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, frozen, dried and smoked fish imports surged to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen, dried and smoked fish to Costa Rica, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from China exceeded the figures recorded by the second-largest supplier, Panama (X tons), threefold. The third position in this ranking was held by Ecuador (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (X% per year) and Ecuador (X% per year).

In value terms, China ($X) constituted the largest supplier of frozen, dried and smoked fish to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Nicaragua, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Nicaragua (X% per year).

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, increasing 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 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform