Broken Rice Price in Costa Rica - 2022
Contents:
- Broken Rice Price in Costa Rica (FOB) - 2022
- Broken Rice Price in Costa Rica (CIF) - 2022
- Broken Rice Exports in Costa Rica
- Broken Rice Imports in Costa Rica
Broken Rice Price in Costa Rica (FOB) - 2022
In 2022, the average broken rice export price amounted to $367 per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs 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 Guatemala ($497 per ton), while the average price for exports to Nicaragua ($328 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 (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Price in Costa Rica (CIF) - 2022
In 2022, the average broken rice import price amounted to $1,501 per ton, increasing by 206% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +19.0% per year.
Broken Rice Exports in Costa Rica
In 2022, approx. 20K tons of broken rice were exported from Costa Rica; increasing by 12% on the previous year's figure. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% 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 +84.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, broken rice exports soared to $7.4M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Broken Rice in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 0.4 | 1.9 | 2.5 | 3.8 | 111.8% |
| El Salvador | 2.8 | 2.1 | 2.8 | 1.8 | -13.7% |
| Guatemala | 0.2 | 0.3 | 0.6 | 1.7 | 104.1% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 3.5 | 4.3 | 5.9 | 7.4 | 28.3% |
Top Export Markets for Broken Rice from Costa Rica in 2022:
- Nicaragua (11.5K tons)
- El Salvador (4.9K tons)
- Guatemala (3.5K tons)
Broken Rice Imports in Costa Rica
In 2022, the amount of broken rice imported into Costa Rica fell notably to 20 tons, declining by -81.3% against the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 953,018%. As a result, imports attained the peak of 105 tons, and then declined sharply in the following year.
In value terms, broken rice imports dropped dramatically to $29K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 642,663%. As a result, imports reached the peak of $51K, and then fell notably in the following year.
| Import of Broken Rice in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.0 | N/A | 35.7 | 29.4 | 80.5% |
| Guyana | 1.3 | N/A | 6.1 | N/A | 116.6% |
| United States | 1.4 | N/A | 8.7 | N/A | 149.3% |
| Others | 0.2 | N/A | 0.9 | 0.1 | -20.6% |
| Total | 7.9 | N/A | 51.4 | 29.5 | 55.1% |
Top Suppliers of Broken Rice to Costa Rica in 2022:
- India (19.6 tons)
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