Costa Rica: Aluminium Tube Market 2024

Aluminium Tube Market Size in Costa Rica

The Costa Rican aluminium tube market contracted rapidly to $X in 2022, waning by X% 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 abrupt setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Exports

Exports from Costa Rica

In 2022, shipments abroad of aluminium tubes, pipes and tube or pipe fittings was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium tube exports rose remarkably to $X in 2022. In general, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for aluminium tube exports from Costa Rica, accounting for a X% share of total exports. Moreover, aluminium tube exports to Panama exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Nicaragua (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nicaragua (X% per year).

In value terms, the United States ($X) remains the key foreign market for aluminium tubes, pipes and tube or pipe fittings exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by Honduras, 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: Panama (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Tube Imports

Imports into Costa Rica

In 2022, approx. X tons of aluminium tubes, pipes and tube or pipe fittings were imported into Costa Rica; declining by X% against the previous year's figure. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports contracted notably to $X in 2022. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of aluminium tube imports to Costa Rica, with a combined X% share of total imports. Malaysia, Spain, Italy and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest aluminium tube suppliers to Costa Rica were the United States ($X), China ($X) and Spain ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform