Costa Rica - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Costa Rica - 2021
Contents:
- Frozen Whole Fish Price in Costa Rica (CIF) - 2021
- Frozen Whole Fish Price in Costa Rica (FOB) - 2022
- Frozen Whole Fish Imports in Costa Rica
- Frozen Whole Fish Exports in Costa Rica
Frozen Whole Fish Price in Costa Rica (CIF) - 2021
In March 2020, the average frozen whole fish import price amounted to $4,778 per ton, with an increase of 98% against the previous month. In general, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($4,209 per ton), while the price for Maldives ($1,889 per ton) was amongst the lowest.
From January 2020 to March 2020, the most notable rate of growth in terms of prices was attained by Panama (+84.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Costa Rica (FOB) - 2022
In 2022, the average frozen whole fish export price amounted to $1,985 per ton, growing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 an increase of 25%. As a result, the export price attained the peak level of $2,171 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
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 Mexico ($2,827 per ton), while the average price for exports to Nicaragua ($1,315 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 Brazil (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in Costa Rica
In 2022, frozen whole fish imports into Costa Rica surged to 13K tons, rising by 23% on the previous year. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen whole fish imports soared to $29M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Whole Fish in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 4.0 | 8.2 | 8.2 | 8.3 | 27.5% |
| United States | 1.1 | 1.8 | 0.9 | 4.9 | 64.5% |
| Ecuador | 2.9 | 4.3 | 3.6 | 4.7 | 17.5% |
| Indonesia | N/A | N/A | N/A | 4.2 | 0% |
| Morocco | 1.2 | 0.4 | 0.4 | 1.2 | 0.0% |
| Singapore | 0.9 | 2.4 | N/A | 1.0 | 3.6% |
| Mexico | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Thailand | N/A | 1.3 | 1.4 | 0.3 | -52.0% |
| Venezuela | 1.1 | N/A | N/A | N/A | 0% |
| China | 1.4 | N/A | 0.4 | N/A | -46.5% |
| Others | 1.9 | 4.0 | 5.8 | 4.3 | 31.3% |
| Total | 14.6 | 22.6 | 20.7 | 29.4 | 26.3% |
Top Suppliers of Frozen Whole Fish to Costa Rica in 2022:
- China (undefinedK tons)
- Panama (3.6K tons)
- Ecuador (3.3K tons)
- Indonesia (1.3K tons)
- United States (1.0K tons)
- Morocco (0.9K tons)
- Mexico (0.6K tons)
- Singapore (0.3K tons)
- Thailand (0.1K tons)
Frozen Whole Fish Exports in Costa Rica
In 2022, the amount of frozen whole fish exported from Costa Rica declined significantly to 686 tons, with a decrease of -30.3% against the previous year. Overall, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. As a result, the exports attained the peak of 983 tons, and then shrank remarkably in the following year.
In value terms, frozen whole fish exports shrank notably to $1.4M in 2022. In general, exports recorded a slight setback. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of $1.8M, and then reduced notably in the following year.
| Export of Frozen Whole Fish in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 401 | 164 | 468 | 406 | 0.4% |
| United States | 177 | 59.0 | 57.9 | 355 | 26.1% |
| Mexico | 598 | 381 | 964 | 346 | -16.7% |
| Guatemala | 184 | 252 | 282 | 217 | 5.7% |
| Panama | N/A | N/A | N/A | 36.8 | 0% |
| Ecuador | N/A | 121 | N/A | N/A | 0% |
| Others | 58.3 | 0.1 | N/A | N/A | -99.8% |
| Total | 1,419 | 978 | 1,772 | 1,362 | -1.4% |
Top Export Markets for Frozen Whole Fish from Costa Rica in 2022:
- Nicaragua (309.1 tons)
- United States (141.4 tons)
- Mexico (122.4 tons)
- Guatemala (90.0 tons)
- Panama (23.0 tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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