Costa Rica: Spinach Market 2024

Spinach Market Size in Costa Rica

The Costa Rican spinach market stood at $X in 2023, picking up by X% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Spinach Production in Costa Rica

In value terms, spinach production amounted to $X in 2023 estimated in export price. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Spinach production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

The average yield of spinach in Costa Rica stood at X tons per ha in 2023, remaining relatively unchanged against 2022. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The spinach yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of spinach in Costa Rica was estimated at X ha, approximately reflecting 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to spinach production attained the peak figure in 2023 and is expected to retain growth in the immediate term.

Spinach Exports

Exports from Costa Rica

Spinach exports from Costa Rica expanded markedly to X tons in 2023, with an increase of X% compared with the previous year's figure. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, spinach exports rose to $X in 2023. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for spinach exports from Costa Rica, with a X% share of total exports. Moreover, spinach exports to Nicaragua exceeded the volume sent to the second major destination, Poland (X kg), twofold. Panama (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Nicaragua amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Panama (X% per year).

In value terms, Nicaragua ($X) emerged as the key foreign market for spinach exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Poland (X% per year).

Export Prices by Country

The average spinach export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Antigua and Barbuda ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Costa Rica

In 2023, imports of spinach into Costa Rica was estimated at X kg, stabilizing at the year before. Over the period under review, imports recorded a sharp decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, spinach imports soared to $X in 2023. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Nicaragua (X kg) was the main supplier of spinach to Costa Rica, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Nicaragua amounted to X%.

In value terms, Nicaragua ($X) constituted the largest supplier of spinach to Costa Rica.

From 2012 to 2023, the average annual growth rate of value from Nicaragua stood at X%.

Import Prices by Country

The average spinach import price stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Nicaragua.

From 2012 to 2023, the rate of growth in terms of prices for Nicaragua amounted to X% per year.

Source: IndexBox Platform