Costa Rica - Sugar Cane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCosta Rica: Sugar Cane Market 2024
Sugar Cane Market Size in Costa Rica
The Costa Rican sugar cane market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Sugar cane consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.
Sugar Cane Production in Costa Rica
In value terms, sugar cane production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a slight downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Sugar cane production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.
The average yield of sugar cane in Costa Rica expanded modestly to X tons per ha in 2022, with an increase of X% against 2021. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average sugar cane yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the total area harvested in terms of sugar cane production in Costa Rica declined modestly to X ha, with a decrease of X% against 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar cane production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.
Sugar Cane Exports
Exports from Costa Rica
In 2022, after seven years of growth, there was significant decline in shipments abroad of sugar cane, when their volume decreased by X% to X tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell rapidly in the following year.
In value terms, sugar cane exports rose remarkably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
Exports by Country
Canada (X tons) was the main destination for sugar cane exports from Costa Rica, with a X% share of total exports. Moreover, sugar cane exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).
In value terms, Canada ($X) remains the key foreign market for sugar cane exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by the United States, with a X% share.
From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).
Export Prices by Country
In 2022, the average sugar cane export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar cane export price increased by X% against 2020 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Sugar Cane Imports
Imports into Costa Rica
In 2022, sugar cane imports into Costa Rica was estimated at X kg, approximately mirroring the previous year's figure. In general, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X kg. From 2018 to 2022, the growth of imports remained at a lower figure.
In value terms, sugar cane imports dropped to $X in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports by Country
In 2022, Nicaragua (X kg) was the main sugar cane supplier to Costa Rica, accounting for a approx. X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from Nicaragua totaled X%.
In value terms, Nicaragua ($X) constituted the largest supplier of sugar cane to Costa Rica.
From 2012 to 2022, the average annual rate of growth in terms of value from Nicaragua stood at X%.
Import Prices by Country
In 2022, the average sugar cane import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.
As there is only one major supplying country, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to X% per year.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sugar cane 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:
- FCL 156 - Sugar cane
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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