Costa Rica: Blow Lamp Market 2024

Blow Lamp Market Size in Costa Rica

The Costa Rican blow lamp market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Blow Lamp Production in Costa Rica

In value terms, blow lamp production stood at $X in 2022 estimated in export price. Overall, production recorded a slight expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Blow Lamp Exports

Exports from Costa Rica

In 2022, shipments abroad of blow lamps increased by 381% to X kg for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, faced a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, blow lamp exports dropped notably to $X in 2022. In general, exports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 465%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for blow lamp exports from Costa Rica, with a 95% share of total exports. Moreover, blow lamp exports to Panama exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama totaled -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.2% per year) and Guatemala (-29.5% per year).

In value terms, Panama ($X) remains the key foreign market for blow lamps exports from Costa Rica, comprising 95% of total exports. The second position in the ranking was held by the United States ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.0% per year) and Guatemala (-18.8% per year).

Export Prices by Country

In 2022, the average blow lamp export price amounted to $X per ton, shrinking by -87.6% against the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 480%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($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 Guatemala (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Blow Lamp Imports

Imports into Costa Rica

In 2022, after two years of growth, there was significant decline in purchases abroad of blow lamps, when their volume decreased by -14.8% to X kg. Overall, imports, however, posted a slight increase. The pace of growth appeared the most rapid in 2013 with an increase of 748% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, blow lamp imports soared to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,091%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Panama (X kg), China (X kg) and the United States (X kg) were the main suppliers of blow lamp imports to Costa Rica, with a combined 89% 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 Panama (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of blow lamps to Costa Rica, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Panama, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Panama (+60.8% per year).

Import Prices by Country

The average blow lamp import price stood at $X per ton in 2022, surging by 45% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 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 South Korea ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform