Costa Rica: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Costa Rica

The Costa Rican temporarily preserved vegetable market rose to $X in 2022, with an increase of 2.4% against the previous year. In general, consumption continues to indicate a sharp decline. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Temporarily Preserved Vegetable Production in Costa Rica

In value terms, temporarily preserved vegetable production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 25% against the previous year. Temporarily preserved vegetable production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports from Costa Rica

In 2022, approx. X tons of vegetables (temporarily preserved) were exported from Costa Rica; increasing by 3% against the previous year's figure. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 715% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, temporarily preserved vegetable exports totaled $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 489% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), El Salvador (X tons) and Germany (X tons) were the main destinations of temporarily preserved vegetable exports from Costa Rica, together comprising 94% of total exports. Guatemala and Canada lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +154.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Costa Rica, comprising 58% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 27% share of total exports. It was followed by Canada, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+109.5% per year) and Canada (+170.2% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2020 an increase of 35%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Germany ($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 Canada (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Costa Rica

After three years of decline, supplies from abroad of vegetables (temporarily preserved) increased by 116% to X tons in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 439%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports skyrocketed to $X in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 384%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Panama (X tons), the United States (X tons) and Nicaragua (X tons) were the main suppliers of temporarily preserved vegetable imports to Costa Rica, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +165.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of vegetables (temporarily preserved) to Costa Rica, comprising 68% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Nicaragua, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Panama amounted to +180.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.3% per year) and Nicaragua (+12.7% per year).

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, surging by 28% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform