Costa Rica: Particle Board Market 2024

Particle Board Market Size in Costa Rica

The Costa Rican particle board market reduced to $X in 2022, which is down by -12.6% against the previous year. In general, consumption, however, continues to indicate a buoyant expansion. Particle board consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Particle Board Production in Costa Rica

In value terms, particle board production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 286%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Particle Board Exports

Exports from Costa Rica

In 2022, overseas shipments of particle board decreased by -79.4% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 367%. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, particle board exports reduced remarkably to $X in 2022. In general, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 89%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X cubic meters) was the main destination for particle board exports from Costa Rica, accounting for a 49% share of total exports. Moreover, particle board exports to the Dominican Republic exceeded the volume sent to the second major destination, El Salvador (X cubic meters), threefold. The third position in this ranking was held by Honduras (X cubic meters), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-40.2% per year) and Honduras (-10.3% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for particle board exports from Costa Rica, comprising 84% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 5.2% share of total exports. It was followed by Nicaragua, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-44.0% per year) and Nicaragua (-36.7% per year).

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, growing by 308% against the previous year. Overall, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per cubic meter), while the average price for exports to Honduras ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+0.3%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into Costa Rica

In 2022, approx. X cubic meters of particle board were imported into Costa Rica; declining by -11.4% on 2021. In general, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of X cubic meters, and then contracted in the following year.

In value terms, particle board imports dropped rapidly to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

Chile (X cubic meters), Colombia (X cubic meters) and Spain (X cubic meters) were the main suppliers of particle board imports to Costa Rica, together accounting for 78% of total imports. Brazil, Guatemala, Ecuador, the United States, Austria and China lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Spain ($X) appeared to be the largest particle board suppliers to Costa Rica, with a combined 80% share of total imports. Brazil, Guatemala, Ecuador, the United States, Austria and China lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Brazil, with a CAGR of +42.8%, saw 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

In 2022, the average particle board import price amounted to $X per cubic meter, waning by -9.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per cubic meter, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform