Costa Rica: Rice Market 2020

Rice Exports

Exports from Costa Rica

In 2018, the rice exports from Costa Rica totaled X tons, going down by -X% against the previous year. Overall, rice exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, rice exports reached their peak of X tons. From 2009 to 2018, the growth of rice exports remained at a somewhat lower figure.

In value terms, rice exports totaled $X in 2018. In general, rice exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2018, the average annual rate of growth in terms of volume to El Salvador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-X% per year) and Guatemala (+X% per year).

In value terms, the largest markets for rice exported from Costa Rica were El Salvador ($X), Guatemala ($X) and Panama ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Guatemala experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rice export price stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the export price indicated a temperate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for rice reached their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Panama, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Costa Rica

In 2018, approx. X tons of rice were imported into Costa Rica; increasing by X% against the previous year. Over the period under review, rice imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, rice imports totaled $X in 2018. Over the period under review, rice imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, rice imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons), Brazil (X tons) and Uruguay (X tons) were the main suppliers of rice imports to Costa Rica, with a combined X% share of total imports. These countries were followed by Argentina, which accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Argentina, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Brazil ($X) and Uruguay ($X) constituted the largest rice suppliers to Costa Rica, with a combined X% share of total imports. These countries were followed by Argentina, which accounted for a further X terms of the main suppliers, Argentina recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average rice import price amounted to $X per ton, leveling off at the previous year. Overall, the rice import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform