Costa Rica: Groundnuts Market 2025

Groundnuts Market Size in Costa Rica

In 2022, after two years of growth, there was significant decline in the Costa Rican groundnuts market, when its value decreased by -21.2% to $X. In general, consumption saw a mild decrease. Over the period under review, the market hit record highs at $X in 2021, and then dropped sharply in the following year.

Groundnuts Production in Costa Rica

In value terms, groundnuts production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Groundnuts production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average groundnuts yield in Costa Rica contracted to X tons per ha, therefore, remained relatively stable against the year before. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 1.8% against the previous year. The groundnuts yield peaked at X tons per ha in 2015; 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 ground-nut (in-shell) in Costa Rica was estimated at X ha, remaining constant against 2021. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 1.5%. Over the period under review, the harvested area dedicated to groundnuts production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Groundnuts Exports

Exports from Costa Rica

In 2022, overseas shipments of ground-nut (in-shell) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,445% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports surged to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,218% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for groundnuts exports from Costa Rica, with a 96% share of total exports. Moreover, groundnuts exports to Austria exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at -3.1%.

In value terms, Austria ($X) remains the key foreign market for ground-nut (in-shell) exports from Costa Rica, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria stood at -2.2%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, rising by 2.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+0.9%).

Groundnuts Imports

Imports into Costa Rica

Groundnuts imports into Costa Rica dropped to X tons in 2022, declining by -10.9% compared with the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, groundnuts imports declined notably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, the United States (X tons) was the main groundnuts supplier to Costa Rica, with a 96% share of total imports. Moreover, groundnuts imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +20.0%.

In value terms, the United States ($X) constituted the largest supplier of ground-nut (in-shell) to Costa Rica, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +18.7%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, waning by -18.5% against the previous year. In general, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 4.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.1%).

Source: IndexBox Platform