Costa Rica: Roasted Malt Market 2024

Roasted Malt Market Size in Costa Rica

The Costa Rican roasted malt market rose significantly to $X in 2022, picking up by 12% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Roasted Malt Production in Costa Rica

In value terms, roasted malt production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Roasted Malt Exports

Exports from Costa Rica

After three years of growth, shipments abroad of roasted malt decreased by -43.2% to X tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 433%. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, roasted malt exports shrank notably to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 463%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Panama (X tons) was the main destination for roasted malt exports from Costa Rica, with a 98% share of total exports. It was followed by Nicaragua (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled +44.2%.

In value terms, Panama ($X) remains the key foreign market for roasted malt exports from Costa Rica, comprising 96% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at +47.3%.

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the export price showed a notable expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 115% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Panama amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+2.4%).

Roasted Malt Imports

Imports into Costa Rica

In 2022, supplies from abroad of roasted malt was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 43%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, roasted malt imports rose markedly to $X in 2022. In general, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of roasted malt to Costa Rica, with a 68% share of total imports. Moreover, roasted malt imports from Sweden exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold. Chile (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-15.6% per year) and Chile (+36.6% per year).

In value terms, Sweden ($X) constituted the largest supplier of roasted malt to Costa Rica, comprising 60% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-12.4% per year) and Belgium (-7.0% per year).

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, which is down by -3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 6.9%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile ($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 Netherlands (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform