Costa Rica: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2025

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Costa Rica

The Costa Rican pigments, opacifiers and colours market shrank slightly to $X in 2022, declining by -3% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Costa Rica

In value terms, pigments, opacifiers and colours production declined to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +0.9% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 79% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Costa Rica

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were exported from Costa Rica; increasing by 303% against 2021 figures. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 1,001%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. Overall, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 608% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for pigments, opacifiers and colours exports from Costa Rica, with a 79% share of total exports. Moreover, pigments, opacifiers and colours exports to Nicaragua exceeded the volume sent to the second major destination, Guatemala (X tons), sevenfold. The third position in this ranking was held by Panama (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+38.1% per year) and Panama (-10.5% per year).

In value terms, the largest markets for pigments, opacifiers and colours exported from Costa Rica were Panama ($X), Nicaragua ($X) and Guatemala ($X), together accounting for 98% of total exports.

Guatemala, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, dropping by -31% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigments, opacifiers and colours export price increased by +20.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($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 Panama (+25.9%), while the prices for the other major destinations experienced a decline.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Costa Rica

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass imported into Costa Rica surged to X tons, growing by 33% on the previous year's figure. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 128% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports soared to $X in 2022. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 254% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest pigments, opacifiers and colours supplier to Costa Rica, with a 56% share of total imports. Moreover, pigments, opacifiers and colours imports from Brazil exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.0% per year) and the United States (-13.9% per year).

In value terms, the UK ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Costa Rica, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.2% per year) and Brazil (-13.6% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, flattening at the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigments, opacifiers and colours import price decreased by -15.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 55%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average 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 UK ($X per ton), while the price for El Salvador ($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 UK (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform