Costa Rica: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Costa Rica

In 2022, the Costa Rican non-cellular polystyrene film market increased by 0.1% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Non-Cellular Polystyrene Film Production in Costa Rica

In value terms, non-cellular polystyrene film production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 21%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Non-Cellular Polystyrene Film Exports

Exports from Costa Rica

After two years of decline, overseas shipments of non-cellular polystyrene films, sheets, foil and strip increased by 0.2% to X tons in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports contracted to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.1% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 120% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

El Salvador (X tons) was the main destination for non-cellular polystyrene film exports from Costa Rica, accounting for a 48% share of total exports. Moreover, non-cellular polystyrene film exports to El Salvador exceeded the volume sent to the second major destination, Panama (X tons), threefold. The third position in this ranking was taken by Honduras (X tons), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+20.4% per year) and Honduras (+6.2% per year).

In value terms, El Salvador ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Costa Rica, comprising 53% of total exports. The second position in the ranking was held by Panama ($X), with a 15% share of total exports. It was followed by Honduras, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+17.9% per year) and Honduras (+8.4% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, shrinking by -8.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced 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 ($X per ton), while the average price for exports to Panama ($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 the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Costa Rica

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were imported into Costa Rica; surging by 29% compared with 2021 figures. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 88%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-cellular polystyrene film imports surged to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 103%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polystyrene film to Costa Rica, with a 18% share of total imports. Moreover, non-cellular polystyrene film imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.7% per year) and the United States (-9.2% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) constituted the largest non-cellular polystyrene film suppliers to Costa Rica, with a combined 39% share of total imports. Turkey, Chile, Taiwan (Chinese), Spain and Colombia lagged somewhat behind, together comprising a further 8.3%.

Chile, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, shrinking by -6.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform