Costa Rica: Market for Other Plastic Tubes, Pipes and Hoses 2025

Market Size for Other Plastic Tubes, Pipes and Hoses in Costa Rica

The Costa Rican market for other plastic tubes, pipes and hoses plummeted to $X in 2022, with a decrease of -19.2% 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). Overall, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in overseas shipments of other plastic tubes, pipes and hoses, when their volume decreased by -38.7% to X tons. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 340%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, exports of other plastic tubes, pipes and hoses dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 573%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Panama (X tons), the United States (X tons) and Honduras (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Costa Rica, together accounting for 65% of total exports. Trinidad and Tobago, the Dominican Republic, Nicaragua and Guatemala lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +41.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Costa Rica, comprising 73% of total exports. The second position in the ranking was held by Panama ($X), with a 7.8% share of total exports. It was followed by Trinidad and Tobago, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+22.7% per year) and Trinidad and Tobago (+40.3% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, declining by -6.3% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 54%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Honduras ($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 the United States (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Costa Rica

In 2022, the amount of other plastic tubes, pipes and hoses imported into Costa Rica declined dramatically to X tons, waning by -28.4% on the previous year's figure. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, imports of other plastic tubes, pipes and hoses fell notably to $X in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 63% against the previous year. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

The United States (X tons), Mexico (X tons) and South Korea (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Costa Rica, with a combined 63% share of total imports. Ireland, China, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +215.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Costa Rica, comprising 87% of total imports. The second position in the ranking was taken by Ireland ($X), with a 6.1% share of total imports. It was followed by Mexico, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+94.4% per year) and Mexico (+4.0% per year).

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, increasing by 16% against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 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 the United States ($X per ton), while the price for South Korea ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform