Costa Rica: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in Costa Rica

The Costa Rican mechanical wood pulp market fell to $X in 2022, approximately reflecting the previous year. In general, consumption continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Mechanical Wood Pulp Production in Costa Rica

In value terms, mechanical wood pulp production dropped modestly to $X in 2022 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 89%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Mechanical Wood Pulp Exports

Exports from Costa Rica

In 2022, after five years of growth, there was significant decline in overseas shipments of mechanical wood pulp, when their volume decreased by -5% to X tons. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 298%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, mechanical wood pulp exports contracted modestly to $X in 2022. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 with an increase of 169%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for mechanical wood pulp exports from Costa Rica, accounting for a 96% share of total exports. Moreover, mechanical wood pulp exports to Guatemala exceeded the volume sent to the second major destination, El Salvador (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Guatemala amounted to +23.0%.

In value terms, the largest markets for mechanical wood pulp exported from Costa Rica were Guatemala ($X) and El Salvador ($X).

Guatemala, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average mechanical wood pulp export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+20.3%).

Mechanical Wood Pulp Imports

Imports into Costa Rica

In 2022, the amount of mechanical wood pulp imported into Costa Rica declined dramatically to X tons, dropping by -25.4% compared with the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 183% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mechanical wood pulp imports fell dramatically to $X in 2022. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 175% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of mechanical wood pulp to Costa Rica, with a 40% share of total imports. Moreover, mechanical wood pulp imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.7% per year) and Guatemala (-5.9% per year).

In value terms, Germany ($X) constituted the largest supplier of mechanical wood pulp to Costa Rica, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.7% per year) and Guatemala (-1.7% per year).

Import Prices by Country

In 2022, the average mechanical wood pulp import price amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 31%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform