Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica - 2022

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (CIF) - 2022
  2. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (FOB) - 2022
  3. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica
  4. Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $10,369 per ton, dropping by -9.2% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure at $23,972 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($23,962 per ton), while the price for Germany ($8,814 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $20,061 per ton, shrinking by -69.1% against the previous year. In general, the export price saw a perceptible descent. The pace of growth was the most pronounced in 2020 an increase of 110% against the previous year. The export price peaked at $64,916 per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($23,438 per ton), while the average price for exports to the United States ($500 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 Panama (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica

In 2022, approx. 19 tons of vitamins; vitamin B2 and its derivatives, unmixeds were imported into Costa Rica; jumping by 50% on the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +77.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds surged to $197K in 2022. Overall, imports, however, showed a abrupt decrease.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany19373.972.0145-9.1%
United States12.317.20.841.950.5%
ChinaN/A1.61.16.093.6%
France13.77.13.93.6-35.9%
Switzerland16.210.99.1N/A-25.1%
Netherlands20.423.634.3N/A29.7%
Brazil32.36.67.6N/A-51.5%
Others11.512.415.90.8-58.9%
Total299153145197-13.0%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Costa Rica in 2022:

  1. Germany (16.5 tons)
  2. United States (1.7 tons)
  3. France (0.4 tons)
  4. China (0.4 tons)

Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica

In 2022, approx. 244 kg of vitamins; vitamin B2 and its derivatives, unmixeds were exported from Costa Rica; falling by -80.6% on 2021. Overall, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 409% against the previous year. As a result, the exports reached the peak of 1.3 tons, and then fell notably in the following year.

In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds fell remarkably to $4.9K in 2022. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 642%. As a result, the exports reached the peak of $82K, and then declined sharply in the following year.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador9.78.724.14.9-20.4%
Guatemala0.72.351.9N/A761.1%
United StatesN/AN/A5.5N/A0%
CubaN/AN/AN/AN/A0%
Others1.10.10.1N/A-69.8%
Total11.511.081.64.9-24.8%

Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Costa Rica in 2022:

  1. El Salvador (208.0 kg)
  2. Cuba (26.0 kg)
  3. United States (10.0 kg)

Source: IndexBox Market Intelligence Platform

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