Costa Rica: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2024

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Costa Rica

The Costa Rican market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment fell modestly to $X in 2022, dropping by -1.5% against the previous year. Overall, consumption recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Costa Rica

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 156% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from Costa Rica

In 2022, approx. X tons of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment were exported from Costa Rica; falling by -45.6% against the previous year's figure. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 1,291% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced dramatically to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 2,357%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Costa Rica, with a 80% share of total exports. Moreover, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Panama exceeded the volume sent to the second major destination, Guatemala (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to +69.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-5.4% per year) and Honduras (-41.5% per year).

In value terms, Panama ($X) remains the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Costa Rica, comprising 95% of total exports. The second position in the ranking was taken by Honduras ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-43.7% per year) and Guatemala (-17.8% per year).

Export Prices by Country

In 2022, the average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, waning by -4.4% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 133% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Panama ($X per ton), while the average price for exports to Guatemala ($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 Panama (+20.8%), while the prices for the other major destinations experienced a decline.

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into Costa Rica

In 2022, approx. X tons of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment were imported into Costa Rica; increasing by 30% on the previous year's figure. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 216%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment soared to $X in 2022. Overall, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of 246%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Mexico (X tons) and Panama (X kg) were the main suppliers of imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Costa Rica, together accounting for 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +106.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment suppliers to Costa Rica were Italy ($X), Panama ($X) and Mexico ($X), with a combined 92% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +141.6%, recorded the highest growth rate of 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

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, increasing by 5.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Panama ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform