Price for Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica - 2022

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica (CIF) - 2022

In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,130 per ton, increasing by 11% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum at $1,432 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,090 per ton), while the price for Turkey ($868 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 (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $2,250 per ton in 2022, jumping by 39% against the previous year. In general, the export price showed noticeable growth. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,310 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Panama ($2,250 per ton), while the average price for exports to Guatemala totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.0%).

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica

After three years of growth, overseas purchases of sugars; fructose, chemically pure, in solid form decreased by -85% to 14 tons in 2022. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 109%.

In value terms, imports of sugars; fructose, chemically pure, in solid form fell significantly to $15K in 2022. Overall, imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. As a result, imports reached the peak of $98K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Costa Rica in 2022:

1. Turkey (5.4 tons)
2. Guatemala (3.7 tons)
3. United States (3.5 tons)
4. Taiwan (Chinese) (0.6 tons)
5. China (0.3 tons)
6. Mexico (0.1 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Costa Rica

In 2022, exports of sugars; fructose, chemically pure, in solid form from Costa Rica contracted to 29 kg, with a decrease of -14.7% compared with the year before. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. As a result, the exports attained the peak of 34 kg, and then contracted in the following year.

In value terms, exports of sugars; fructose, chemically pure, in solid form expanded rapidly to $64 in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Costa Rica in 2022:

1. Panama (28.0 kg)
2. Guatemala (1.0 kg)

Source: IndexBox Market Intelligence Platform