Costa Rica: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Costa Rica

After five years of growth, the Costa Rican pimenta pepper market decreased by X% to $X in 2022. Over the period under review, consumption, however, posted a significant expansion. Pimenta pepper consumption peaked at $X in 2021, and then dropped slightly in the following year.

Pimenta Pepper Production in Costa Rica

In value terms, pimenta pepper production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X,400%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average pimenta pepper yield in Costa Rica totaled less than X kg per ha, therefore, remained relatively stable against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. 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 pimenta pepper production in Costa Rica was estimated at less than X ha, approximately mirroring 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

Pimenta Pepper Exports

Exports from Costa Rica

In 2022, shipments abroad of pimenta pepper decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pimenta pepper exports contracted sharply to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for pimenta pepper exports from Costa Rica, with a X% share of total exports. Moreover, pimenta pepper exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), eightfold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) remains the key foreign market for pimenta pepper exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Panama (X% per year).

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated a tangible 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, pimenta pepper export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 El Salvador ($X per ton), while the average price for exports to the United States ($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 Jamaica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Costa Rica

In 2022, approx. X tons of pimenta pepper were imported into Costa Rica; reducing by X% compared with the previous year's figure. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, pimenta pepper imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Honduras (X tons) constituted the largest pimenta pepper supplier to Costa Rica, accounting for a X% share of total imports. Moreover, pimenta pepper imports from Honduras exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Honduras amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of pimenta pepper to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average pimenta pepper import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a strong 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, pimenta pepper import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Jamaica ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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