Costa Rica - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in Costa Rica - 2021
Contents:
- Whisky Price in Costa Rica (CIF) - 2021
- Whisky Price in Costa Rica (FOB) - 2022
- Whisky Imports in Costa Rica
- Whisky Exports in Costa Rica
Whisky Price in Costa Rica (CIF) - 2021
In March 2020, the average whisky import price amounted to $5.2 per litre, declining by -7.7% against the previous month. Overall, the import price recorded a abrupt setback. As a result, import price reached the peak level of $6.4 per litre. From February 2020 to March 2020, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2020, the country with the highest price was the United States ($10.3 per litre), while the price for France ($1.8 per litre) was amongst the lowest.
From January 2020 to March 2020, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the prices for the other major suppliers experienced a decline.
Whisky Price in Costa Rica (FOB) - 2022
The average whisky export price stood at $0.8 per litre in 2022, reducing by -81.5% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $8.2 per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($3.1 per litre), while the average price for exports to Guatemala ($0.3 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Whisky Imports in Costa Rica
In 2022, purchases abroad of whisky was finally on the rise to reach 2.1M litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decline. Over the period under review, imports attained the peak figure at 3.3M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, whisky imports surged to $9M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Whisky in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 11.3 | 11.3 | 3.1 | 4.1 | -28.7% |
| United States | 0.8 | 0.4 | 0.2 | 0.8 | 0.0% |
| Panama | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Canada | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| France | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Ireland | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Netherlands | 1.1 | 0.2 | N/A | N/A | -81.8% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Others | 2.9 | 1.5 | 0.5 | 3.1 | 2.2% |
| Total | 16.6 | 14.0 | 4.0 | 9.0 | -18.5% |
Top Suppliers of Whisky to Costa Rica in 2022:
- United Kingdom (1269.3K litres)
- France (122.2K litres)
- United States (86.4K litres)
- Ireland (62.5K litres)
- Panama (42.5K litres)
- Brazil (36.6K litres)
- Canada (33.9K litres)
- Netherlands (5.4K litres)
Whisky Exports in Costa Rica
In 2022, approx. 3.5K litres of whisky were exported from Costa Rica; increasing by 332% compared with the previous year's figure. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,520% against the previous year. As a result, the exports attained the peak of 26K litres. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, whisky exports dropped notably to $2.6K in 2022. Overall, exports, however, saw a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 2,177% against the previous year. As a result, the exports reached the peak of $214K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Whisky in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.3 | 26.2 | 1.1 | 1.0 | -8.4% |
| Panama | 5.8 | 36.4 | 1.2 | 0.9 | -46.3% |
| United States | 0.2 | 9.1 | 0.4 | 0.3 | 14.5% |
| El Salvador | 0.2 | 2.0 | 0.1 | 0.1 | -20.6% |
| Spain | N/A | 132 | N/A | N/A | 0% |
| Others | 1.9 | 8.9 | 0.4 | 0.3 | -46.0% |
| Total | 9.4 | 214 | 3.3 | 2.6 | -34.8% |
Top Export Markets for Whisky from Costa Rica in 2022:
- Guatemala (2919.0 litres)
- Panama (282.0 litres)
- United States (203.0 litres)
- El Salvador (27.0 litres)
- Spain (4.0 litres)
This report provides an in-depth analysis of the whisky market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011030 - Whisky (important: excluding alcohol duty)
Country coverage:
- Costa Rica
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Costa Rica
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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