Costa Rica: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Costa Rica

The Costa Rican mixes and doughs market rose modestly to $X in 2022, increasing by 4.2% against the previous year. Over the period under review, consumption, however, showed a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Mixes And Doughs Production in Costa Rica

In value terms, mixes and doughs production stood at $X in 2022 estimated in export price. Overall, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Mixes And Doughs Exports

Exports from Costa Rica

In 2022, overseas shipments of mixes and doughs decreased by -16.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 48%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixes and doughs exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by 43% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for mixes and doughs exports from Costa Rica, accounting for a 37% share of total exports. Moreover, mixes and doughs exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), twofold. The third position in this ranking was taken by Nicaragua (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+6.1% per year) and Nicaragua (+2.5% per year).

In value terms, El Salvador ($X) remains the key foreign market for mixes and doughs exports from Costa Rica, comprising 35% of total exports. The second position in the ranking was held by Honduras ($X), with a 16% share of total exports. It was followed by Nicaragua, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+1.9% per year) and Nicaragua (+0.2% per year).

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, increasing by 1.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2019 an increase of 9.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Peru ($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 Guatemala (+2.6%), while the prices for the other major destinations experienced a decline.

Mixes And Doughs Imports

Imports into Costa Rica

Mixes and doughs imports into Costa Rica reduced slightly to X tons in 2022, declining by -4.4% against 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, mixes and doughs imports shrank to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +4.7% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 37%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of mixes and doughs to Costa Rica, with a 81% share of total imports. Moreover, mixes and doughs imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+10.3% per year) and Canada (-2.1% per year).

In value terms, the United States ($X) constituted the largest supplier of mixes and doughs to Costa Rica, comprising 78% of total imports. The second position in the ranking was taken by Guatemala ($X), with a 12% share of total imports. It was followed by Canada, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+18.3% per year) and Canada (+0.1% per year).

Import Prices by Country

The average mixes and doughs import price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2016 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Guatemala ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform