Price for Cereal Flour; of Maize (Corn) in Costa Rica - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Costa Rica (FOB) - 2022
- Price for Cereal Flour; of Maize (Corn) in Costa Rica (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Costa Rica
- Imports of Cereal Flour; of Maize (Corn) in Costa Rica
Price for Cereal Flour; of Maize (Corn) in Costa Rica (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $785 per ton, rising by 20% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $951 per ton in 2017; however, from 2018 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 Panama ($1,061 per ton), while the average price for exports to Honduras ($703 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 El Salvador (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Costa Rica (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $822 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, showed a slight setback. Over the period under review, average import prices attained the peak figure at $961 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,197 per ton), while the price for El Salvador ($717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Flour; of Maize (Corn) in Costa Rica
In 2022, the amount of cereal flour; of maize (corn) exported from Costa Rica skyrocketed to 11K tons, picking up by 72% compared with 2021 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 479%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports soared to $9M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 278%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cereal Flour; of Maize (Corn) in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | N/A | 1.1 | 1.0 | 3.9 | 88.3% |
| Nicaragua | N/A | 0.8 | 1.9 | 3.8 | 117.9% |
| Panama | 0.9 | 0.7 | 1.0 | 0.7 | -8.0% |
| El Salvador | N/A | N/A | N/A | 0.2 | 0% |
| Chile | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Guatemala | N/A | 2.2 | 0.1 | N/A | -95.5% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 1.3 | 5.1 | 4.3 | 9.0 | 90.6% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Costa Rica in 2022:
- Honduras (5.6K tons)
- Nicaragua (4.5K tons)
- Panama (0.7K tons)
- El Salvador (0.2K tons)
Imports of Cereal Flour; of Maize (Corn) in Costa Rica
For the fourth year in a row, Costa Rica recorded growth in supplies from abroad of cereal flour; of maize (corn), which increased by 15% to 9.9K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $8.2M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 2.1 | 2.2 | 2.9 | 4.4 | 28.0% |
| Colombia | 2.6 | 2.5 | 2.4 | 2.6 | 0.0% |
| Mexico | 0.2 | 0.7 | 0.5 | 0.6 | 44.2% |
| United States | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 5.4 | 5.9 | 6.1 | 8.2 | 14.9% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Costa Rica in 2022:
- El Salvador (6.1K tons)
- Colombia (2.6K tons)
- Mexico (0.8K tons)
- United States (0.4K tons)
77
This report provides an in-depth analysis of the cereal flour market in Costa Rica.
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This report provides an in-depth analysis of the global cereal flour market.
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77
This report provides an in-depth analysis of the cereal flour market in Costa Rica.
121
This report provides an in-depth analysis of the non-wheat flour market in Costa Rica.
2544
This report provides an in-depth analysis of the global cereal flour market.
766
This report provides an in-depth analysis of the global non-wheat flour market.
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