Costa Rica: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Costa Rica

The Costa Rican cyclic hydrocarbons market fell to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a deep reduction. Cyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Costa Rica

In 2022, the amount of cyclic hydrocarbons exported from Costa Rica surged to X tons, jumping by X% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) was the main destination for cyclic hydrocarbons exports from Costa Rica, with a X% share of total exports. Moreover, cyclic hydrocarbons exports to Nicaragua exceeded the volume sent to the second major destination, Honduras (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua amounted to X%.

In value terms, Nicaragua ($X) emerged as the key foreign market for cyclic hydrocarbons exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua amounted to X%.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Honduras stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Costa Rica

In 2022, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, cyclic hydrocarbons imports shrank to $X in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure 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 cyclic hydrocarbons to Costa Rica, accounting for a X% share of total imports. Moreover, cyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. Israel (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Israel (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cyclic hydrocarbons to Costa Rica, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Colombia, 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: the Netherlands (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the United States ($X per ton), while the price for Israel ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform