Costa Rica: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Costa Rica

The Costa Rican inedible fish products market fell slightly to $X in 2022, which is down by -2.7% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +2.7% against 2020 indices. Inedible fish products consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Inedible Fish Products Production in Costa Rica

In value terms, inedible fish products production fell to $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 57%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Inedible Fish Products Exports

Exports from Costa Rica

Inedible fish products exports from Costa Rica shrank modestly to X tons in 2022, declining by -3.2% against 2021. In general, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 133%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports fell to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +15.5% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 42% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Thailand (X tons) and Hong Kong SAR (X tons) were the main destinations of inedible fish products exports from Costa Rica, with a combined 65% 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 France (with a CAGR of +142.9%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and France ($X) constituted the largest markets for inedible fish products exported from Costa Rica worldwide, together accounting for 66% of total exports.

France, with a CAGR of +189.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Taiwan (Chinese) (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Costa Rica

In 2022, after four years of decline, there was significant growth in supplies from abroad of inedible fish products, when their volume increased by 300% to X tons. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 315%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports soared to $X in 2022. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 402% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of inedible fish products to Costa Rica, with a approx. 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.8%.

In value terms, the United States ($X) constituted the largest supplier of inedible fish products to Costa Rica.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +10.0%.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, with an increase of 24% against the previous year. Overall, the import price posted a measured expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 92% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +9,540.0% per year.

Source: IndexBox Platform