Costa Rica: Malt Market 2024

Malt Market Size in Costa Rica

The Costa Rican malt market stood at $X in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Malt consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Malt Exports

Exports from Costa Rica

In 2022, approx. X tons of malt were exported from Costa Rica; remaining relatively unchanged against the year before. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, malt exports reached $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for malt exports from Costa Rica, with a X% share of total exports. Moreover, malt exports to Panama exceeded the volume sent to the second major destination, El Salvador (X kg), twofold. The third position in this ranking was held by Guatemala (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Guatemala (X% per year).

In value terms, Panama ($X), El Salvador ($X) and Guatemala ($X) were the largest markets for malt exported from Costa Rica worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average malt export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Panama ($X 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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Costa Rica

In 2022, the amount of malt imported into Costa Rica reached X tons, remaining stable against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, malt imports amounted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of malt imports to Costa Rica, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest malt suppliers to Costa Rica were the Netherlands ($X), Sweden ($X) and France ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average malt import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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