Costa Rica: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Costa Rica

The Costa Rican adhesive bandage market dropped to $X in 2022, which is down by -1.8% 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). Over the period under review, consumption saw a relatively flat trend pattern. Adhesive bandage consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Adhesive Bandage Exports

Exports from Costa Rica

Adhesive bandage exports from Costa Rica reduced notably to X tons in 2022, dropping by -23.9% compared with the previous year. Over the period under review, exports recorded a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 627% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, adhesive bandage exports reached $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 641%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) was the main destination for adhesive bandage exports from Costa Rica, accounting for a 84% share of total exports. Moreover, adhesive bandage exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua totaled +4.8%.

In value terms, Nicaragua ($X) emerged as the key foreign market for adhesive bandages exports from Costa Rica, comprising 86% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nicaragua stood at +16.1%.

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, growing by 44% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 91%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Costa Rica

In 2022, overseas purchases of adhesive bandages were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 38%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, adhesive bandage imports contracted modestly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest adhesive bandage supplier to Costa Rica, accounting for a 49% share of total imports. Moreover, adhesive bandage imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+1.4% per year) and China (+5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of adhesive bandages to Costa Rica, comprising 57% of total imports. The second position in the ranking was held by Colombia ($X), with a 10% share of total imports. It was followed by China, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+3.1% per year) and China (+6.0% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, falling by -7.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform