Costa Rica: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Costa Rica

The Costa Rican high-tenacity filament aramids yarn market contracted slightly to $X in 2022, reducing by -2.2% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +2.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Costa Rica

In value terms, high-tenacity filament aramids yarn production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Costa Rica

After nine years of decline, shipments abroad of high-tenacity filament yarn of aramids increased by 100% to X kg in 2022. In general, exports, however, faced a dramatic descent. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 4.8%. 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

Nicaragua (X kg) was the main destination for high-tenacity filament aramids yarn exports from Costa Rica, with a 83% share of total exports. Moreover, high-tenacity filament aramids yarn exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua amounted to +400.0%.

In value terms, the United States ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Costa Rica, comprising 98% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -39.4%.

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, declining by -51.1% against the previous year. In general, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2021 an increase of 75%. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nicaragua stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%).

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Costa Rica

High-tenacity filament aramids yarn imports into Costa Rica declined to X tons in 2022, reducing by -11.7% on 2021 figures. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 242% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn imports dropped to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 399%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Costa Rica, accounting for a 52% share of total imports. Moreover, high-tenacity filament aramids yarn imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+26.6% per year) and the United States (+75.9% per year).

In value terms, the United States ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Costa Rica, comprising 56% of total imports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+18.4% per year) and Taiwan (Chinese) (+20.1% per year).

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, flattening at the previous year. Overall, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform