Costa Rica: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Costa Rica

The Costa Rican plastic tableware and kitchenware market shrank to $X in 2022, declining by -11.3% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from Costa Rica

In 2022, exports of plastic tableware and kitchenware from Costa Rica dropped to X tons, declining by -10.1% on the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic tableware and kitchenware exports declined dramatically to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Honduras (X tons), Nicaragua (X tons) and Guatemala (X tons) were the main destinations of plastic tableware and kitchenware exports from Costa Rica, together accounting for 63% of total exports. Panama, El Salvador, the United States and the Dominican Republic lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Panama ($X) and Nicaragua ($X) constituted the largest markets for plastic tableware and kitchenware exported from Costa Rica worldwide, with a combined 64% share of total exports. Guatemala, El Salvador, the United States and the Dominican Republic lagged somewhat behind, together accounting for a further 35%.

The United States, with a CAGR of +32.2%, saw the highest growth rate of the value of exports, among the main countries of destination 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 plastic tableware and kitchenware export price amounted to $X per ton, dropping by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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 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 (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Costa Rica

In 2022, the amount of plastic tableware and kitchenware imported into Costa Rica fell to X tons, declining by -5.9% on the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic tableware and kitchenware imports contracted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), El Salvador (X tons) and Mexico (X tons) were the main suppliers of plastic tableware and kitchenware imports to Costa Rica, together accounting for 58% of total imports. The United States, Guatemala, Taiwan (Chinese), Peru, the Dominican Republic, Panama and Colombia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and the United States ($X) constituted the largest plastic tableware and kitchenware suppliers to Costa Rica, with a combined 59% share of total imports. El Salvador, Guatemala, Taiwan (Chinese), Peru, the Dominican Republic, Colombia and Panama lagged somewhat behind, together comprising a further 31%.

Peru, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2022, waning by -7.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 Mexico ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform