Costa Rica: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Costa Rica

The Costa Rican graphite non-electrical articles market stood at $X in 2022, increasing by 9.7% against the previous year. In general, consumption continues to indicate a prominent increase. Graphite non-electrical articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Graphite Non-Electrical Articles Production in Costa Rica

In value terms, graphite non-electrical articles production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 66% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Graphite Non-Electrical Articles Exports

Exports from Costa Rica

In 2022, the amount of non-electrical articles of graphite or other carbon exported from Costa Rica fell to X tons, dropping by -12.5% on 2021 figures. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 35%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, graphite non-electrical articles exports reduced notably to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 92%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for graphite non-electrical articles exports from Costa Rica, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -18.5%.

In value terms, the United States ($X) also remains the key foreign market for non-electrical articles of graphite or other carbon exports from Costa Rica.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -9.2%.

Export Prices by Country

The average graphite non-electrical articles export price stood at $X per ton in 2022, declining by -13.1% against the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +11.4% per year.

Graphite Non-Electrical Articles Imports

Imports into Costa Rica

In 2022, approx. X tons of non-electrical articles of graphite or other carbon were imported into Costa Rica; picking up by 7.7% compared with the previous year. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 194% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports reduced notably to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by 149% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), Hungary (X tons) and France (X tons) were the main suppliers of graphite non-electrical articles imports to Costa Rica, together accounting for 61% of total imports. Spain, the United States, Denmark, China and Japan lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +135.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of non-electrical articles of graphite or other carbon to Costa Rica, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.9% per year) and the United States (-6.7% per year).

Import Prices by Country

The average graphite non-electrical articles import price stood at $X per ton in 2022, shrinking by -21.4% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform