Costa Rica: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Costa Rica

The Costa Rican articles of fiber cement market surged to $X in 2022, picking up by 78% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Costa Rica

In value terms, articles of fiber cement production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36%. Articles of fiber cement production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Costa Rica

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from Costa Rica; waning by -64.6% compared with the previous year. Overall, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 96%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports reduced sharply to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 92%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons), Nicaragua (X tons) and the United States (X tons) were the main destinations of articles of fiber cement exports from Costa Rica, with a combined 55% share 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 Nicaragua (with a CAGR of +42.5%), while the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Panama ($X) and the United States ($X) constituted the largest markets for articles of fiber cement exported from Costa Rica worldwide, together accounting for 54% of total exports.

In terms of the main countries of destination, Nicaragua, with a CAGR of +45.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while the average price for exports to Ecuador ($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 Uruguay (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Costa Rica

For the fourth consecutive year, Costa Rica recorded decline in overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by -28.5% to X tons in 2022. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 318% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 258% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Ecuador (X tons) were the main suppliers of articles of fiber cement imports to Costa Rica, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +2.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), Ecuador ($X) and China ($X) appeared to be the largest articles of fiber cement suppliers to Costa Rica, with a combined 72% share of total imports.

Brazil, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, growing by 62% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement import price increased by +45.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform