Costa Rica: Market for Non-Refractory Clay Roofing Tiles 2024

Market Size for Non-Refractory Clay Roofing Tiles in Costa Rica

The Costa Rican non-refractory clay roofing tiles market rose to $X in 2022, increasing by 2.9% 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). Over the period under review, consumption continues to indicate a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Non-Refractory Clay Roofing Tiles

Exports from Costa Rica

In 2022, after three years of decline, there was significant growth in shipments abroad of non-refractory clay roofing tiles, when their volume increased by 12% to X tons. In general, exports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 460%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-refractory clay roofing tiles exports rose markedly to $X in 2022. Overall, exports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by 276% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for non-refractory clay roofing tiles exports from Costa Rica, accounting for a 71% share of total exports. Moreover, non-refractory clay roofing tiles exports to Panama exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled -29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-36.7% per year) and Nicaragua (-36.0% per year).

In value terms, Panama ($X) remains the key foreign market for non-refractory clay roofing tiles exports from Costa Rica, comprising 75% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama totaled -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-35.1% per year) and Nicaragua (-23.9% per year).

Export Prices by Country

The average non-refractory clay roofing tiles export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-refractory clay roofing tiles export price decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Refractory Clay Roofing Tiles

Imports into Costa Rica

In 2022, overseas purchases of non-refractory clay roofing tiles decreased by -0.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of 5.6% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-refractory clay roofing tiles imports expanded to $X in 2022. In general, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nicaragua (X tons) constituted the largest non-refractory clay roofing tiles supplier to Costa Rica, accounting for a 46% share of total imports. Moreover, non-refractory clay roofing tiles imports from Nicaragua exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Nicaragua amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+3.8% per year) and Mexico (+9.6% per year).

In value terms, Colombia ($X), Mexico ($X) and Nicaragua ($X) constituted the largest non-refractory clay roofing tiles suppliers to Costa Rica, together accounting for 72% of total imports. Spain, El Salvador, Brazil and Honduras lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Brazil, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, 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-refractory clay roofing tiles import price amounted to $X per ton, with an increase of 4.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform