Costa Rica: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Costa Rica

In 2022, the Costa Rican market for non-soap washing and cleaning preparations decreased by -5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced shrinkage. Non-soap washing and cleaning preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Costa Rica

In value terms, non-soap washing and cleaning preparations production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 254%. Non-soap washing and cleaning preparations production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Costa Rica

In 2022, overseas shipments of non-soap washing and cleaning preparations were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-soap washing and cleaning preparations exports fell modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

El Salvador (X tons), Panama (X tons) and Honduras (X tons) were the main destinations of non-soap washing and cleaning preparations exports from Costa Rica, together accounting for 56% of total exports. Guatemala, Nicaragua, the Dominican Republic, the United States, Trinidad and Tobago and Jamaica lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), El Salvador ($X) and Honduras ($X) constituted the largest markets for non-soap washing and cleaning preparations exported from Costa Rica worldwide, with a combined 52% share of total exports. Guatemala, Nicaragua, the Dominican Republic, the United States, Trinidad and Tobago and Jamaica lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Guatemala, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-soap washing and cleaning preparations amounted to $X per ton, with a decrease of -2.3% against the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 4.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per ton) and Guatemala ($X per ton), while the average price for exports to El Salvador ($X per ton) and Trinidad and Tobago ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Costa Rica

In 2022, supplies from abroad of non-soap washing and cleaning preparations decreased by -1% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, non-soap washing and cleaning preparations imports dropped modestly to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Guatemala (X tons), Mexico (X tons) and El Salvador (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to Costa Rica, with a combined 84% share of total imports. China and the United States lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Mexico ($X) and the United States ($X) were the largest non-soap washing and cleaning preparations suppliers to Costa Rica, with a combined 74% share of total imports. El Salvador and China lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, China, with a CAGR of +14.8%, recorded the highest rates of growth with regard to 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

The average import price for non-soap washing and cleaning preparations stood at $X per ton in 2022, with a decrease of -3.2% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for China ($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 United States (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform