Costa Rica: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Costa Rica

The Costa Rican plastic doors and windows market expanded remarkably to $X in 2022, increasing by 6.2% against the previous year. In general, consumption recorded a buoyant expansion. Plastic doors and windows consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plastic Doors, Windows And Their Frames in Costa Rica

In value terms, plastic doors and windows production rose significantly to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 47% against the previous year. Plastic doors and windows production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports from Costa Rica

In 2022, shipments abroad of plastic doors, windows and their frames was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 75%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic doors and windows exports reduced to $X in 2022. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 51%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Jamaica (X units) was the main destination for plastic doors and windows exports from Costa Rica, accounting for a 36% share of total exports. Moreover, plastic doors and windows exports to Jamaica exceeded the volume sent to the second major destination, El Salvador (X units), twofold. Nicaragua (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Jamaica amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+0.9% per year) and Nicaragua (-8.6% per year).

In value terms, Jamaica ($X) remains the key foreign market for plastic doors, windows and their frames exports from Costa Rica, comprising 40% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 19% share of total exports. It was followed by El Salvador, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jamaica stood at +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-7.5% per year) and El Salvador (-2.7% per year).

Export Prices by Country

The average plastic doors and windows export price stood at $X per unit in 2022, falling by -8.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 28%. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Nicaragua ($X per unit) and Venezuela ($X per unit), while the average price for exports to Guatemala ($X per unit) and El Salvador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Doors, Windows And Their Frames

Imports into Costa Rica

In 2022, the amount of plastic doors, windows and their frames imported into Costa Rica amounted to X units, rising by 7.2% compared with the year before. In general, total imports indicated a slight expansion from 2012 to 2022: its volume 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, imports increased by +10.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 82%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic doors and windows imports expanded slightly to $X in 2022. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 61%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guatemala (X units), China (X units) and the United States (X units) were the main suppliers of plastic doors and windows imports to Costa Rica, with a combined 79% share of total imports. Vietnam, Nicaragua, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of +185.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), the United States ($X) and China ($X) appeared to be the largest plastic doors and windows suppliers to Costa Rica, together comprising 77% of total imports. Vietnam, Nicaragua, Mexico and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 17%.

Nicaragua, with a CAGR of +240.6%, saw 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

In 2022, the average plastic doors and windows import price amounted to $X per unit, waning by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 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 Nicaragua ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform