Price for Cereals; Grain Sorghum, Seed in Costa Rica - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Costa Rica (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Costa Rica (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Costa Rica
- Exports of Cereals; Grain Sorghum, Seed in Costa Rica
Price for Cereals; Grain Sorghum, Seed in Costa Rica (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $2,666 per ton in 2022, declining by -1.8% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; grain sorghum, seed import price increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 87% against the previous year. As a result, import price attained the peak level of $4,342 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
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 ($2,984 per ton), while the price for Argentina stood at $2,523 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%).
Price for Cereals; Grain Sorghum, Seed in Costa Rica (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $2,303 per ton, with a decrease of -7.9% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46% against the previous year. The export price peaked at $2,939 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.4% per year.
Imports of Cereals; Grain Sorghum, Seed in Costa Rica
For the fourth year in a row, Costa Rica recorded growth in overseas purchases of cereals; grain sorghum, seeds, which increased by 59% to 12 tons in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cereals; grain sorghum, seed imports skyrocketed to $33K in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 66%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Grain Sorghum, Seed in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 6.5 | 11.4 | 18.1 | 21.8 | 49.7% |
| United States | 4.8 | 1.1 | 2.5 | 10.6 | 30.2% |
| Others | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Total | 11.3 | 12.6 | 20.9 | 32.6 | 42.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Costa Rica in 2022:
- Argentina (8.7 tons)
- United States (3.6 tons)
Exports of Cereals; Grain Sorghum, Seed in Costa Rica
In 2022, overseas shipments of cereals; grain sorghum, seeds decreased by -59.4% to 376 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 364%.
In value terms, cereals; grain sorghum, seed exports reduced remarkably to $866 in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 508%.
| Export of Cereals; Grain Sorghum, Seed in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 2.1 | 2.3 | 0.9 | 44.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 2.1 | 2.3 | 0.9 | 44.2% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Costa Rica in 2022:
- United States (376.0 kg)
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