Costa Rica: Amino-Resin Market 2024

Amino-Resin Market Size in Costa Rica

After two years of growth, the Costa Rican amino-resin market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Amino-resin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Amino-Resin Exports

Exports from Costa Rica

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) exported from Costa Rica contracted rapidly to X tons, falling by X% compared with 2021. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, amino-resin exports shrank significantly to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X tons), Panama (X tons) and Jamaica (X tons) were the main destinations of amino-resin exports from Costa Rica, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Jamaica ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Costa Rica

In 2022, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the fifth consecutive year after five years of decline. Over the period under review, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, amino-resin imports contracted modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of amino-resin to Costa Rica, with a X% share of total imports. Moreover, amino-resin imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

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

Source: IndexBox Platform