Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica - 2022

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (CIF) - 2022
  2. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (FOB) - 2022
  3. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica
  4. Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (CIF) - 2022

The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,843 per ton in 2022, jumping by 55% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 an increase of 56%. Over the period under review, average import prices reached the maximum at $9,862 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11,414 per ton), while the price for Panama ($874 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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (FOB) - 2022

The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,373 per ton in 2022, with an increase of 47% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +68.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($1,389 per ton), while the average price for exports to Panama amounted to $1,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica

In 2022, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s was finally on the rise to reach 671 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt shrinkage.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $1.9M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States45.82446191,804240.2%
Panama29125543.243.7-46.8%
El Salvador17.117.916.5N/A-1.8%
Others78578244359.3-57.7%
Total1,1391,2991,1221,90718.7%

Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Costa Rica in 2022:

  1. United States (615.7 tons)
  2. Panama (50.0 tons)

Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica

In 2022, approx. 685 tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were exported from Costa Rica; picking up by 35% compared with the previous year. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $941K in 2022. Overall, exports posted a perceptible expansion.

Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile12.6N/AN/A793297.8%
PanamaN/AN/AN/A90.00%
Spain26.046.215.0N/A-24.0%
Nicaragua379514393N/A1.8%
France41250465.7N/A-60.1%
Others0.40.10.157.5423.8%
Total8291,0654749414.3%

Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Costa Rica in 2022:

  1. Chile (570.9 tons)
  2. Panama (72.0 tons)

Source: IndexBox Market Intelligence Platform

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