Costa Rica: Chili And Pepper Market 2024

Chili And Pepper Market Size in Costa Rica

In 2023, the Costa Rican chili and pepper market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption recorded a modest expansion. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Chili And Pepper Production in Costa Rica

In value terms, chili and pepper production fell to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. Chili and pepper production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average yield of chilies and peppers (green) in Costa Rica reduced modestly to X tons per ha, waning by X% on the previous year's figure. In general, the yield saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2023, the growth of the average chili and pepper yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area in Costa Rica was estimated at X ha in 2023, growing by X% compared with 2022 figures. Over the period under review, the harvested area, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production attained the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports from Costa Rica

In 2023, the amount of chilies and peppers (green) exported from Costa Rica declined notably to X tons, waning by X% against the year before. In general, exports showed a significant curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, chili and pepper exports shrank rapidly to $X in 2023. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for chili and pepper exports from Costa Rica, with a X% share of total exports. Moreover, chili and pepper exports to the United States exceeded the volume sent to the second major destination, Norway (X tons), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Slovakia (X% per year).

In value terms, the United States ($X) remains the key foreign market for chilies and peppers (green) exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, recorded a perceptible increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chili And Pepper Imports

Imports into Costa Rica

In 2023, overseas purchases of chilies and peppers (green) were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, chili and pepper imports soared to $X in 2023. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Guatemala (X tons) constituted the largest chili and pepper supplier to Costa Rica, with a X% share of total imports. Moreover, chili and pepper imports from Guatemala exceeded the figures recorded by the second-largest supplier, Honduras (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Guatemala amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

In value terms, Guatemala ($X), the United States ($X) and Honduras ($X) were the largest chili and pepper suppliers to Costa Rica, with a combined X% share of total imports.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform