Spices; Turmeric (Curcuma) Price in Costa Rica - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Costa Rica (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Costa Rica (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Costa Rica
- Spices; Turmeric (Curcuma) Exports in Costa Rica
Spices; Turmeric (Curcuma) Price in Costa Rica (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $3,642 per ton, falling by -13.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 24%. As a result, import price reached the peak level of $4,698 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,434 per ton), while the price for Spain ($1,970 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Costa Rica (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $3,245 per ton in 2022, rising by 22% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the maximum at $8,334 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($5,066 per ton), while the average price for exports to Canada ($823 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 Spain (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Costa Rica
Spices; turmeric (curcuma) imports into Costa Rica soared to 64 tons in 2022, growing by 38% compared with the year before. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, spices; turmeric (curcuma) imports surged to $233K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Spices; Turmeric (Curcuma) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 53.7 | 107 | 89.6 | 143 | 38.6% |
| United States | 62.2 | 85.0 | 87.0 | 54.2 | -4.5% |
| Spain | 9.7 | N/A | 7.8 | 22.5 | 32.4% |
| El Salvador | 10.8 | 12.1 | 11.0 | 13.2 | 6.9% |
| Guatemala | 5.6 | 7.4 | N/A | 0.2 | -67.1% |
| Others | 7.4 | 11.1 | 1.4 | 0.3 | -65.6% |
| Total | 149 | 223 | 197 | 233 | 16.1% |
Top Suppliers of Spices; Turmeric (Curcuma) to Costa Rica in 2022:
- India (44.6 tons)
- Spain (11.4 tons)
- United States (7.3 tons)
- El Salvador (0.6 tons)
- Guatemala (0.1 tons)
Spices; Turmeric (Curcuma) Exports in Costa Rica
In 2022, shipments abroad of spices; turmeric (curcuma) decreased by -82.5% to 71 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year.
In value terms, spices; turmeric (curcuma) exports fell rapidly to $230K in 2022. In general, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 67%. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Turmeric (Curcuma) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 630 | 982 | 969 | 199 | -31.9% |
| Canada | 32.2 | 140 | 90.7 | 21.8 | -12.2% |
| Spain | N/A | N/A | N/A | 6.3 | 0% |
| Others | 24.2 | 24.8 | 21.2 | 3.1 | -49.6% |
| Total | 687 | 1,147 | 1,081 | 230 | -30.6% |
Top Export Markets for Spices; Turmeric (Curcuma) from Costa Rica in 2022:
- Netherlands (39.3 tons)
- Canada (26.5 tons)
- Spain (4.2 tons)
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