Costa Rica: Root And Tuber Market 2024

Root And Tuber Market Size in Costa Rica

In 2022, the Costa Rican root and tuber market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Root And Tuber Production in Costa Rica

In value terms, root and tuber production rose notably to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of roots and tubers in Costa Rica reduced to X tons per ha in 2022, waning by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average root and tuber yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Costa Rica contracted to X ha in 2022, falling by X% compared with 2021 figures. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the root and tuber harvested area remained at a somewhat lower figure.

Root And Tuber Exports

Exports from Costa Rica

In 2022, overseas shipments of roots and tubers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, root and tuber exports shrank rapidly to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value 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. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for root and tuber exports from Costa Rica, with a X% share of total exports. Moreover, root and tuber exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

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: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Costa Rica

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, root and tuber imports rose markedly to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Canada (X tons) and Nicaragua (X tons) were the main suppliers of root and tuber imports to Costa Rica.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest root and tuber suppliers to Costa Rica were the United States ($X), Canada ($X) and Nicaragua ($X).

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform