Costa Rica: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Costa Rica

In 2022, after two years of growth, there was decline in the Costa Rican market for flexible tubes, pipes and hoses of plastics, with fittings, when its value decreased by -2.5% to $X. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +66.2% against 2014 indices. Consumption of peaked at $X in 2021, and then reduced slightly in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Costa Rica

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Costa Rica

Exports of flexible tubes, pipes and hoses of plastics, with fittings from Costa Rica fell markedly to X tons in 2022, with a decrease of -36.3% on 2021 figures. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 129% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings shrank significantly to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 510% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Costa Rica, accounting for a 58% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to the United States exceeded the volume sent to the second major destination, Panama (X tons), fivefold. Japan (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-7.4% per year) and Japan (+65.2% per year).

In value terms, the United States ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Costa Rica, comprising 67% of total exports. The second position in the ranking was held by Mexico ($X), with a 17% share of total exports. It was followed by Japan, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.8% per year) and Japan (+64.7% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, dropping by -2.3% against the previous year. Overall, the export price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 166% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the Dominican Republic ($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 the Netherlands (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Costa Rica

After three years of growth, supplies from abroad of flexible tubes, pipes and hoses of plastics, with fittings decreased by -35.7% to X tons in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 787%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings dropped significantly to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 202%. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Costa Rica, with a 41% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+64.8% per year) and Mexico (+10.0% per year).

In value terms, the United States ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Costa Rica, comprising 87% of total imports. The second position in the ranking was taken by Ireland ($X), with a 6.2% share of total imports. It was followed by Mexico, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+40.9% per year) and Mexico (+10.5% per year).

Import Prices by Country

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 107% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform