Coffee Substitutes Market in Costa Rica
Market Overview
The Costa Rican coffee substitutes market rose rapidly to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
In value terms, coffee substitutes production skyrocketed to $ in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in when the production volume increased by %. Coffee substitutes production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.In value terms, coffee substitutes production skyrocketed to $
in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in when the production volume increased by %. Coffee substitutes production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.Consumption
Coffee substitutes consumption in Costa Rica reached tons in , picking up by % compared with figures. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in 2009; however, from 2010 to , consumption remained at a lower figure.
The size of the coffee substitutes market in Costa Rica rose sharply to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
tons in , picking up by % compared with figures. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in 2009; however, from 2010 to , consumption remained at a lower figure.The size of the coffee substitutes market in Costa Rica rose sharply to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for coffee substitutes in Costa Rica, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total coffee substitutes consumption in Costa Rica was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Costa Rica coffee substitutes market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Costa Rica imports of in the coffee substitutes market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% figure. In value terms the share of imports also stood at a low figure, which means that the Costa Rica coffee substitutes market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Costa Rica imports of in the coffee substitutes market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Costa Rica remains a net exporter of coffee substitutes; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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