Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica - 2022

Contents:

  1. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (CIF) - 2022
  2. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (FOB) - 2022
  3. Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica
  4. Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (CIF) - 2022

The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $9,073 per ton in 2022, declining by -6% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 77%. The import price peaked at $9,650 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($57,800 per ton), while the price for Colombia ($4,660 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 (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (FOB) - 2022

The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $5,551 per ton in 2022, approximately equating the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -10.8% against 2016 indices. The growth pace was the most rapid in 2015 an increase of 87%. The export price peaked at $6,220 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, 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 +1.9% per year.

Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica

In 2022, approx. 423 kg of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into Costa Rica; shrinking by -60.5% against 2021. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year.

In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined significantly to $3.8K in 2022. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 139% against the previous year. As a result, imports reached the peak of $10K, and then fell markedly in the following year.

Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MoroccoN/AN/AN/A1.40%
United States3.62.17.31.3-28.8%
Mexico0.10.30.70.9108.0%
Colombia0.40.40.30.2-20.6%
Chile0.50.50.6N/A9.5%
Canada1.01.01.3N/A14.0%
Others0.10.10.1N/A0.0%
Total5.74.310.33.8-12.6%

Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Costa Rica in 2022:

  1. United States (187.0 kg)
  2. Mexico (161.0 kg)
  3. Colombia (50.0 kg)
  4. Morocco (25.0 kg)

Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica

In 2022, after two years of decline, there was significant growth in shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume increased by 11% to 49 kg. In general, exports, however, recorded a abrupt setback.

In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds rose markedly to $272 in 2022. Overall, exports, however, recorded a deep setback.

Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua16629924227217.9%
Panama198N/AN/AN/A0%
OthersN/A4.0N/AN/A0%
Total364303242272-9.3%

Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Costa Rica in 2022:

  1. Nicaragua (49.0 kg)

Source: IndexBox Market Intelligence Platform

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