Costa Rica: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Costa Rica

The Costa Rican wine of fresh grapes market soared to $X in 2022, picking up by 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.9% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Costa Rica

After two years of growth, overseas shipments of wine of fresh grapes (except sparkling wine) decreased by -78.3% to X litres in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 386%. Over the period under review, the exports reached the maximum at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wine of fresh grapes exports dropped markedly to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 645%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for wine of fresh grapes exports from Costa Rica, with a 66% share of total exports. Moreover, wine of fresh grapes exports to the United States exceeded the volume sent to the second major destination, Panama (X litres), fivefold. Guatemala (X litres) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+21.4% per year) and Guatemala (-15.8% per year).

In value terms, the United States ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Costa Rica, comprising 71% of total exports. The second position in the ranking was held by Guatemala ($X), with a 10% share of total exports. It was followed by Panama, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-9.9% per year) and Panama (+28.9% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 60% against the previous year. The export price peaked at $X per litre in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per litre), while the average price for exports to El Salvador ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Costa Rica

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were imported into Costa Rica; stabilizing at 2021. The total import volume increased at an average annual rate of +4.2% 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 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of X litres, leveling off in the following year.

In value terms, wine of fresh grapes imports soared to $X in 2022. Overall, imports, however, recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X litres) constituted the largest wine of fresh grapes supplier to Costa Rica, with a 46% share of total imports. Moreover, wine of fresh grapes imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X litres), threefold. Argentina (X litres) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.7% per year) and Argentina (+4.6% per year).

In value terms, Chile ($X), Spain ($X) and Argentina ($X) appeared to be the largest wine of fresh grapes suppliers to Costa Rica, together accounting for 71% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +15.6%, 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

In 2022, the average wine of fresh grapes import price amounted to $X per litre, picking up by 45% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by +53.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform