Costa Rica: Mixed Juices Market 2024

Mixed Juices Market Size in Costa Rica

The Costa Rican mixed juices market shrank modestly to $X in 2022, which is down by -2.9% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Costa Rica

In value terms, mixed juices production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Mixed Juices Exports

Exports from Costa Rica

In 2022, the amount of mixtures of fruit and vegetable juices exported from Costa Rica dropped remarkably to X tons, waning by -41.2% on 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 586%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports reduced dramatically to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 542% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for mixed juices exports from Costa Rica, accounting for a 53% share of total exports. Moreover, mixed juices exports to the UK exceeded the volume sent to the second major destination, Ireland (X tons), fourfold. The third position in this ranking was held by Panama (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-15.1% per year) and Panama (+24.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for mixtures of fruit and vegetable juices exports from Costa Rica, comprising 53% of total exports. The second position in the ranking was held by Ireland ($X), with an 11% share of total exports. It was followed by the Dominican Republic, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-16.5% per year) and the Dominican Republic (-10.2% per year).

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, waning by -1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 73%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a 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 Dominican Republic ($X per ton), while the average price for exports to Panama ($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 France (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Costa Rica

After two years of decline, overseas purchases of mixtures of fruit and vegetable juices increased by 159% to X tons in 2022. Overall, imports, however, recorded a abrupt slump. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mixed juices imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable decrease. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of mixed juices to Costa Rica, accounting for a 47% share of total imports. Moreover, mixed juices imports from Guatemala exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2022, the average annual growth rate of volume from Guatemala totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+44.8% per year) and the United States (-6.9% per year).

In value terms, Guatemala ($X), the United States ($X) and the Dominican Republic ($X) appeared to be the largest mixed juices suppliers to Costa Rica, together accounting for 90% of total imports.

In terms of the main suppliers, the Dominican Republic, with a CAGR of +41.3%, recorded 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

In 2022, the average mixed juices import price amounted to $X per ton, with a decrease of -22.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2015 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform