Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica - 2022

Contents:

  1. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (CIF) - 2022
  2. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (FOB) - 2022
  3. Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica
  4. Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (CIF) - 2022

In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,048 per ton, growing by 44% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $3,102 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($6,761 per ton), while the price for Jamaica ($605 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (FOB) - 2022

In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,161 per ton, rising by 7.9% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +52.4% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 40%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($4,570 per ton), while the average price for exports to the United States ($729 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 Jamaica (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica

Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Costa Rica dropped significantly to 637 tons in 2022, which is down by -44.3% against the previous year's figure. Overall, imports, however, recorded mild growth. The growth pace was the most rapid in 2021 with an increase of 196% against the previous year. As a result, imports attained the peak of 1.1K tons, and then plummeted in the following year.

In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined significantly to $1.9M in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 167%. As a result, imports reached the peak of $2.4M, and then dropped markedly in the following year.

Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States52129661375813.3%
China10620945534047.5%
Spain20616426627610.2%
Honduras16355.052522711.7%
India64.383.820918442.0%
Jamaica4.08.815.818.265.7%
Others99.393.734413611.1%
Total1,1649102,4281,94018.6%

Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Costa Rica in 2022:

  1. Honduras (257.5 tons)
  2. United States (112.1 tons)
  3. China (95.8 tons)
  4. Spain (61.6 tons)
  5. India (50.8 tons)
  6. Jamaica (30.1 tons)

Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica

Exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Costa Rica dropped markedly to 407 tons in 2022, waning by -24.1% on the previous year's figure. In general, exports recorded a sharp downturn. The smallest decline of -7.6% was in 2020.

In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell rapidly to $473K in 2022. Overall, exports continue to indicate a abrupt curtailment. The smallest decline of -3.3% was in 2021.

Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States395383279240-15.3%
El Salvador34.430.731.147.211.1%
Panama24.824.824.144.121.2%
Jamaica77.975.482.633.2-24.7%
Saudi Arabia23.924.227.831.49.5%
Others85.558.513377.6-3.2%
Total641597578473-9.6%

Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Costa Rica in 2022:

  1. United States (328.7 tons)
  2. Saudi Arabia (40.0 tons)
  3. El Salvador (10.3 tons)
  4. Panama (10.2 tons)
  5. Jamaica (7.3 tons)

Source: IndexBox Market Intelligence Platform

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