Costa Rica: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Costa Rica

In 2022, the Costa Rican mixed fertilizer market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a perceptible setback. Mixed fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mixed Fertilizer Exports

Exports from Costa Rica

Mixed fertilizer exports from Costa Rica skyrocketed to X tons in 2022, growing by X% compared with the previous year. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, mixed fertilizer exports soared to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Nicaragua (X tons), Panama (X tons) and Guatemala (X tons) were the main destinations of mixed fertilizer exports from Costa Rica, together accounting for X% of total exports. El Salvador, the Dominican Republic, Honduras and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed fertilizer exported from Costa Rica were Panama ($X), Nicaragua ($X) and Guatemala ($X), together comprising X% of total exports. El Salvador, the Dominican Republic, Honduras and Mexico lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a slight 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, mixed fertilizer export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Nicaragua ($X 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Costa Rica

In 2022, supplies from abroad of mixed fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Norway (X tons), Russia (X tons) and China (X tons) were the main suppliers of mixed fertilizer imports to Costa Rica, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Russia ($X) and China ($X) appeared to be the largest mixed fertilizer suppliers to Costa Rica, together comprising X% of total imports.

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

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a perceptible increase 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, mixed fertilizer import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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