Costa Rica: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Costa Rica

In 2022, the Costa Rican solid vulcanised rubber sheet market decreased by -8.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a noticeable expansion 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, consumption decreased by -11.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Costa Rica

In 2022, exports of plates, sheets, strips for floor covering of solid vulcanised rubber from Costa Rica skyrocketed to X tons, with an increase of 25% on the previous year's figure. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet exports reached $X in 2022. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 107%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons), Nicaragua (X tons) and Honduras (X kg) were the main destinations of solid vulcanised rubber sheet exports from Costa Rica, with a combined 96% share of total exports. The United States lagged somewhat behind, comprising a further 3.9%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +103.7%), while shipments for the other leaders experienced a decline.

In value terms, Nicaragua ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Costa Rica, comprising 64% of total exports. The second position in the ranking was taken by Panama ($X), with a 29% share of total exports. It was followed by Honduras, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Nicaragua was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-15.3% per year) and Honduras (-5.9% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, which is down by -15% against the previous year. Overall, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 36% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to the United States ($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 Venezuela (+2,206.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Costa Rica

In 2022, imports of plates, sheets, strips for floor covering of solid vulcanised rubber into Costa Rica rose to X tons, with an increase of 3.4% against 2021 figures. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet imports fell to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 71%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Thailand (X tons) and China (X tons) were the main suppliers of solid vulcanised rubber sheet imports to Costa Rica, together comprising 80% of total imports. Guatemala, Mexico, Germany and Spain lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of plates, sheets, strips for floor covering of solid vulcanised rubber to Costa Rica, comprising 44% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.5% per year) and China (+14.6% per year).

Import Prices by Country

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, reducing by -12.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform