Costa Rica: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Costa Rica

The Costa Rican market for cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022, reducing by -3.3% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Costa Rica

In value terms, production of cellular plates, sheets and films of polyymers of styrene reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Costa Rica

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene increased by 1.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 994% 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, exports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 770%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Costa Rica, accounting for a 55% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Panama exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. The third position in this ranking was held by Honduras (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.8% per year) and Honduras (-4.3% per year).

In value terms, the largest markets for polystyrene cellular plates, sheets and films exported from Costa Rica were Panama ($X), Guatemala ($X) and Honduras ($X), together comprising 85% of total exports.

Guatemala, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, waning by -9.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Panama ($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 Nicaragua (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Costa Rica

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into Costa Rica; reducing by -19.7% against 2021. Over the period under review, imports showed a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 111% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene contracted remarkably to $X in 2022. Overall, imports, however, recorded mild growth. The growth pace was the most rapid in 2021 when imports increased by 132% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to Costa Rica, accounting for a 45% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.7% per year) and Taiwan (Chinese) (+18.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Costa Rica, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.5% per year) and Taiwan (Chinese) (+22.8% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, with a decrease of -10.9% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +44.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 44%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform