Costa Rica: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in Costa Rica

The Costa Rican preparations for animal feeding market rose sharply to $X in 2022, increasing by 12% against the previous year. In general, consumption continues to indicate a tangible expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Preparations Used In Animal Feeding in Costa Rica

In value terms, preparations for animal feeding production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 76%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Costa Rica

In 2022, shipments abroad of preparations used in animal feeding increased by 9.2% to X tons, rising for the second consecutive year after six years of decline. Overall, exports, however, recorded a noticeable decline. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports surged to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nicaragua (X tons), Panama (X tons) and Honduras (X tons) were the main destinations of preparations for animal feeding exports from Costa Rica, together comprising 72% of total exports. Cuba, Mexico, the United States, Colombia, the Dominican Republic, Guatemala and El Salvador lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +83.2%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Nicaragua ($X) and Honduras ($X) appeared to be the largest markets for preparations for animal feeding exported from Costa Rica worldwide, together comprising 73% of total exports. The United States, Mexico, Cuba, Guatemala, Colombia, the Dominican Republic and El Salvador lagged somewhat behind, together comprising a further 24%.

Mexico, with a CAGR of +71.6%, saw 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 preparations for animal feeding export price stood at $X per ton in 2022, rising by 15% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding export price increased by +72.3% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Cuba ($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 (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Costa Rica

In 2022, approx. X tons of preparations used in animal feeding were imported into Costa Rica; with a decrease of -11.4% against 2021 figures. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +60.6% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 26%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, preparations for animal feeding imports amounted to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Mexico (X tons) and Honduras (X tons) were the main suppliers of preparations for animal feeding imports to Costa Rica, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +48.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding suppliers to Costa Rica were the United States ($X), Mexico ($X) and Honduras ($X), with a combined 66% share of total imports.

In terms of the main suppliers, Honduras, with a CAGR of +53.4%, recorded the highest growth rate of 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

The average preparations for animal feeding import price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue 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 ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform