Costa Rica: Glass Fibre Fabrics Market 2025

Glass Fibre Fabrics Market Size in Costa Rica

The Costa Rican glass fibre fabrics market declined notably to $X in 2022, which is down by -16.3% 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, however, saw a remarkable increase. Glass fibre fabrics consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Glass Fibre Fabrics Exports

Exports from Costa Rica

In 2022, glass fibre fabrics exports from Costa Rica reduced to X tons, dropping by -14.3% on the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 260% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, glass fibre fabrics exports declined to $X in 2022. In general, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 151%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X tons), Nicaragua (X tons) and Guatemala (X tons) were the main destinations of glass fibre fabrics exports from Costa Rica, with a combined 90% 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 Guatemala (with a CAGR of +124.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre fabrics exported from Costa Rica were Honduras ($X), Nicaragua ($X) and Guatemala ($X), with a combined 67% share of total exports.

Among the main countries of destination, Guatemala, with a CAGR of +84.0%, 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 glass fibre fabrics export price stood at $X per ton in 2022, increasing by 5.6% against the previous year. Overall, the export price posted a moderate expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 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 Poland ($X per ton), while the average price for exports to Guatemala ($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 Poland (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Costa Rica

Glass fibre fabrics imports into Costa Rica shrank dramatically to X tons in 2022, waning by -17.4% on 2021. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by 72%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted dramatically in the following year.

In value terms, glass fibre fabrics imports fell to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 69%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to Costa Rica, accounting for a 87% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +27.7%.

In value terms, the largest glass fibre fabrics suppliers to Costa Rica were China ($X) and the United States ($X).

Among the main suppliers, China, with a CAGR of +31.7%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, growing by 3.3% against the previous year. Overall, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%).

Source: IndexBox Platform