Costa Rica: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Costa Rica

After two years of growth, the Costa Rican steel plaited band market decreased by -4.7% to $X in 2022. Overall, consumption, however, faced a deep downturn. Steel plaited band consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in Costa Rica

In value terms, steel plaited band production totaled $X in 2022 estimated in export price. Overall, production posted a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 125%. Steel plaited band production peaked at $X in 2020; afterwards, it flattened through to 2022.

Steel Plaited Band Exports

Exports from Costa Rica

After two years of decline, overseas shipments of iron or steel plaited bands and slings increased by 32% to X tons in 2022. In general, exports recorded a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 156% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 145%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for steel plaited band exports from Costa Rica, accounting for a 87% share of total exports. Moreover, steel plaited band exports to Nicaragua exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at +98.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-19.8% per year) and India (0.0% per year).

In value terms, Nicaragua ($X) emerged as the key foreign market for iron or steel plaited bands and slings exports from Costa Rica, comprising 65% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 12% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua stood at +89.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-16.4% per year) and the United States (+0.3% per year).

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, with a decrease of -19.5% against the previous year. Overall, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 90% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Panama ($X per ton), while the average price for exports to Nicaragua ($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 Panama (+84.6%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Costa Rica

Steel plaited band imports into Costa Rica dropped to X tons in 2022, with a decrease of -12.4% compared with 2021. In general, imports recorded a dramatic contraction. The growth pace was the most rapid in 2015 with an increase of 488%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports dropped to $X in 2022. Over the period under review, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 415% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of steel plaited band to Costa Rica, accounting for a 70% share of total imports. Moreover, steel plaited band imports from the United States exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+74.8% per year) and China (-28.1% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel plaited bands and slings to Costa Rica, comprising 22% of total imports. The second position in the ranking was held by Nicaragua ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+68.6% per year) and China (-30.8% per year).

Import Prices by Country

In 2022, the average steel plaited band import price amounted to $X per ton, surging by 8.4% against the previous year. In general, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 133% 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 ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+31.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform