Report Update: May 1, 2024

Costa Rica - Preparations Used In Animal Feeding - Market Analysis, Forecast, Size, Trends and Insights

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Price for Preparations for Animal Feeding in Costa Rica - 2022

Price for Preparations for Animal Feeding in Costa Rica (CIF) - 2022

The average preparations for animal feeding import price stood at $1,804 per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. 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 Ecuador ($21,803 per ton), while the price for Nicaragua ($202 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Preparations for Animal Feeding in Costa Rica (FOB) - 2022

The average preparations for animal feeding export price stood at $1,443 per ton in 2022, with an increase of 3.3% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding export price increased by +54.8% against 2012 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 14%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($3,192 per ton), while the average price for exports to Cuba ($770 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 (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations for Animal Feeding in Costa Rica

In 2022, after three years of growth, there was decline in purchases abroad of preparations used in animal feeding, when their volume decreased by -3.9% to 70K tons. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 73K tons, and then contracted in the following year.

In value terms, preparations for animal feeding imports totaled $126M in 2022. In general, 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 +50.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Preparations for Animal Feeding in Costa Rica (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	30.1	36.1	48.3	44.4	13.8%
Mexico	25.5	N/A	25.3	35.6	11.8%
Honduras	0.3	14.3	N/A	14.4	263.4%
Canada	1.1	1.6	2.3	4.2	56.3%
France	3.8	3.6	3.4	3.9	0.9%
Netherlands	1.2	2.4	6.2	2.9	34.2%
Brazil	2.0	2.2	3.1	2.7	10.5%
Spain	2.5	2.8	2.1	2.5	0.0%
Argentina	0.5	1.6	0.9	2.4	68.7%
China	0.7	0.7	0.9	2.1	44.2%
Guatemala	0.9	1.5	1.7	1.7	23.6%
Peru	1.4	1.4	1.3	1.2	-5.0%
Nicaragua	0.3	0.5	0.8	0.6	26.0%
Others	13.2	18.7	17.8	7.5	-17.2%
Total	83.5	87.3	114	126	14.7%

Top Suppliers of Preparations for Animal Feeding to Costa Rica in 2022:

Mexico (21.2K tons)
United States (19.5K tons)
Honduras (12.5K tons)
Nicaragua (3.0K tons)
Argentina (1.7K tons)
Canada (1.5K tons)
Brazil (1.4K tons)
Netherlands (1.1K tons)
China (1.1K tons)
France (1.0K tons)
Guatemala (0.9K tons)
Peru (0.8K tons)
Spain (0.8K tons)

Exports of Preparations for Animal Feeding in Costa Rica

For the fourth year in a row, Costa Rica recorded growth in shipments abroad of preparations used in animal feeding, which increased by 39% to 45K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preparations for animal feeding exports surged to $65M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Preparations for Animal Feeding in Costa Rica (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	16.9	16.3	14.0	27.2	17.2%
Nicaragua	12.2	11.7	10.7	15.7	8.8%
Honduras	4.3	5.3	8.0	8.4	25.0%
United States	2.2	1.7	2.9	5.1	32.3%
Colombia	N/A	0.5	1.1	1.3	61.2%
Ecuador	N/A	N/A	0.3	1.2	300.0%
Cuba	2.0	2.7	2.5	0.8	-26.3%
Dominican Republic	1.3	0.8	0.6	0.8	-14.9%
Mexico	1.3	2.3	3.3	0.4	-32.5%
Others	1.9	3.1	2.0	4.5	33.3%
Total	42.1	44.5	45.4	65.4	15.8%

Top Export Markets for Preparations for Animal Feeding from Costa Rica in 2022:

Nicaragua (14.2K tons)
Panama (14.1K tons)
Honduras (6.0K tons)
United States (2.8K tons)
Colombia (1.6K tons)
Ecuador (1.4K tons)
Cuba (1.1K tons)
Dominican Republic (0.8K tons)
Mexico (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for preparations for animal feeding in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Prodcom 10921030 - Dog or cat food, p.r.s.

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023