Costa Rica: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Costa Rica

After three years of growth, the Costa Rican plastic self-adhesive plate market decreased by -6.7% to $X in 2022. Overall, consumption, however, saw a temperate expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Plastic Self-Adhesive Plate Exports

Exports from Costa Rica

After three years of decline, overseas shipments of plastic self-adhesive plates, sheets and other flat shapes increased by 9.6% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 101%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 with an increase of 44%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X tons), Nicaragua (X tons) and Guatemala (X tons) were the main destinations of plastic self-adhesive plate exports from Costa Rica, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +11.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic self-adhesive plate exported from Costa Rica were the United States ($X), Japan ($X) and Panama ($X), together comprising 52% of total exports.

Panama, with a CAGR of +8.2%, 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 plastic self-adhesive plate export price stood at $X per ton in 2022, with a decrease of -15.1% against the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of 38%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Dominican Republic ($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 Australia (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Costa Rica

After three years of growth, purchases abroad of plastic self-adhesive plates, sheets and other flat shapes decreased by -1.7% to X tons in 2022. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 33%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic self-adhesive plate imports dropped to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +70.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic self-adhesive plate supplier to Costa Rica, with a 34% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Hungary (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Hungary (+62.5% per year).

In value terms, the United States ($X), China ($X) and Hungary ($X) were the largest plastic self-adhesive plate suppliers to Costa Rica, together accounting for 53% of total imports.

Hungary, with a CAGR of +72.7%, saw the highest growth rate of the value of imports, among 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 self-adhesive plate import price amounted to $X per ton, which is down by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2019 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform