Costa Rica: Twine Product Market 2025

Twine Product Market Size in Costa Rica

The Costa Rican twine product market reduced to $X in 2022, with a decrease of -5.8% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Twine Product Production in Costa Rica

In value terms, twine product production soared to $X in 2022 estimated in export price. Overall, production recorded tangible growth. The growth pace was the most rapid in 2020 with an increase of 143% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Twine Product Exports

Exports from Costa Rica

In 2022, approx. X tons of articles of twine, cordage, rope or cables were exported from Costa Rica; rising by 82% against the year before. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2019 with an increase of 3,817%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, twine product exports dropped sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 2,282% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Nicaragua (X tons), Panama (X tons) and the United States (X kg) were the main destinations of twine product exports from Costa Rica, with a combined 99.9% 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 +11.8%), while the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X), Panama ($X) and the United States ($X) were the largest markets for twine product exported from Costa Rica worldwide.

Among the main countries of destination, the United States, with a CAGR of +105.1%, recorded the highest growth rate of 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 twine product export price stood at $X per ton in 2022, which is down by -69.9% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 149% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($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 Germany (+125.9%), while the prices for the other major destinations experienced a decline.

Twine Product Imports

Imports into Costa Rica

In 2022, approx. X tons of articles of twine, cordage, rope or cables were imported into Costa Rica; with a decrease of -1.6% against the year before. In general, imports recorded a slight setback. The pace of growth appeared the most rapid in 2016 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, twine product imports contracted to $X in 2022. Over the period under review, imports showed a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Honduras (X tons) and Guatemala (X tons) were the main suppliers of twine product imports to Costa Rica, with a combined 77% share of total imports. Mexico, the United States, South Korea, Taiwan (Chinese) and Colombia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +83.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Costa Rica, comprising 39% of total imports. The second position in the ranking was taken by Honduras ($X), with a 17% share of total imports. It was followed by Guatemala, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (-0.3% per year) and Guatemala (-2.8% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, dropping by -8% against the previous year. Over the period under review, the import price saw a slight decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. The import price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform