Costa Rica: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Costa Rica

The Costa Rican non-cellular polyvinyl chloride film market expanded rapidly to $X in 2022, rising by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong expansion. Non-cellular polyvinyl chloride film consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Costa Rica

In 2022, non-cellular polyvinyl chloride film exports from Costa Rica dropped rapidly to X tons, reducing by -32.7% on the previous year. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2019 with an increase of 26%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film exports declined sharply to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Jamaica (X tons), Panama (X tons) and Guyana (X tons) were the main destinations of non-cellular polyvinyl chloride film exports from Costa Rica, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for non-cellular polyvinyl chloride film exported from Costa Rica were Panama ($X), Honduras ($X) and the Dominican Republic ($X), together comprising 45% of total exports. Nicaragua, El Salvador, Guatemala, Jamaica and Guyana lagged somewhat behind, together accounting for a further 29%.

Jamaica, with a CAGR of +3.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-cellular polyvinyl chloride film export price stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 73% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Jamaica ($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 Guatemala (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Costa Rica

Non-cellular polyvinyl chloride film imports into Costa Rica fell sharply to X tons in 2022, shrinking by -15.6% on the previous year's figure. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 48%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film imports skyrocketed to $X in 2022. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 73%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest non-cellular polyvinyl chloride film supplier to Costa Rica, accounting for a 37% share of total imports. Moreover, non-cellular polyvinyl chloride film imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.9% per year) and Taiwan (Chinese) (-0.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-cellular polyvinyl chloride films, sheets, foil and strip to Costa Rica, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 5.9% share of total imports. It was followed by Taiwan (Chinese), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and Taiwan (Chinese) (+1.7% per year).

Import Prices by Country

The average non-cellular polyvinyl chloride film import price stood at $X per ton in 2022, increasing by 42% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film import price increased by +83.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 Dominican Republic (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform