Costa Rica: Nuts Market 2025

Nuts Market Size in Costa Rica

The Costa Rican nuts market contracted rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Nuts Production in Costa Rica

In value terms, nuts production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of nuts in Costa Rica expanded rapidly to X kg per ha in 2022, with an increase of X% against 2021 figures. Overall, the yield, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The nuts yield peaked at X kg per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of nuts were harvested in Costa Rica; shrinking by X% compared with 2021. In general, the harvested area showed a noticeable contraction. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the nuts harvested area remained at a somewhat lower figure.

Nuts Exports

Exports from Costa Rica

For the third year in a row, Costa Rica recorded decline in overseas shipments of nuts, which decreased by X% to X tons in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, nuts exports shrank markedly to $X in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for nuts exports from Costa Rica, accounting for a X% share of total exports. Moreover, nuts exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and New Caledonia (X% per year).

In value terms, the United States ($X) remains the key foreign market for nuts exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Spain (X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Nuts Imports

Imports into Costa Rica

In 2022, approx. X tons of nuts were imported into Costa Rica; dropping by X% against the previous year's figure. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nuts imports reduced notably to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of nuts to Costa Rica, with a X% share of total imports. Moreover, nuts imports from Guatemala exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was taken by the Dominican Republic (X tons), with a X% share.

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

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

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price 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, nuts import price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform