Costa Rica: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Costa Rica

The Costa Rican x-ray examination preparations market totaled $X in 2022, surging by 4.5% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

X-Ray Examination Preparations Production in Costa Rica

In value terms, x-ray examination preparations production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports from Costa Rica

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 3.4% to X kg, rising for the fourth year in a row after three years of decline. Overall, exports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 77%. 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, x-ray examination preparations exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 78%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg) and the Dominican Republic (X kg) were the main destinations of x-ray examination preparations exports from Costa Rica.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +13.0%).

In value terms, the largest markets for x-ray examination preparations exported from Costa Rica were Guatemala ($X) and the Dominican Republic ($X).

The Dominican Republic, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average x-ray examination preparations export price stood at $X per ton in 2022, dropping by -24.5% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of 62%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell dramatically in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

X-Ray Examination Preparations Imports

Imports into Costa Rica

In 2022, x-ray examination preparations imports into Costa Rica soared to X tons, rising by 20% compared with 2021. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 529%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, x-ray examination preparations imports rose sharply to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 281%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X tons) and China (X tons) were the main suppliers of x-ray examination preparations imports to Costa Rica.

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 +131.0%).

In value terms, the largest x-ray examination preparations suppliers to Costa Rica were China ($X) and India ($X).

China, with a CAGR of +72.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average x-ray examination preparations import price amounted to $X per ton, reducing by -7.9% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray examination preparations import price decreased by -34.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-6.3%).

Source: IndexBox Platform