Costa Rica: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Costa Rica

After two years of growth, the Costa Rican metal screw hook market decreased by -20.4% to $X in 2022. Overall, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Exports

Exports from Costa Rica

In 2022, overseas shipments of iron or steel screw hooks and screw rings decreased by -40% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 150% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports surged to $X in 2022. In general, exports faced a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 772% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X kg) and Nicaragua (X kg) were the main destinations of metal screw hook exports from Costa Rica. Moreover, metal screw hook exports in Panama exceeded the figures recorded by the second-largest exporter, Nicaragua, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of -6.7%).

In value terms, Panama ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from Costa Rica, comprising 90% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +28.6%.

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, picking up by 127% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 640% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($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 Panama (+34.8%).

Metal Screw Hook Imports

Imports into Costa Rica

In 2022, the amount of iron or steel screw hooks and screw rings imported into Costa Rica shrank notably to X tons, which is down by -37.7% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 156% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal screw hook imports fell dramatically to $X in 2022. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 250% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest metal screw hook supplier to Costa Rica, accounting for a 54% share of total imports. Moreover, metal screw hook imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X kg) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.4% per year) and Italy (+27.6% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel screw hooks and screw rings to Costa Rica, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+29.9% per year) and China (-1.3% per year).

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, surging by 35% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price increased by +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Panama ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform