Costa Rica: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Costa Rica

The Costa Rican market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined notably to $X in 2022, dropping by -19.3% 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). In general, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Costa Rica

In 2022, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -6% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 590%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 237% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Costa Rica, accounting for a 58% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Guatemala exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. The third position in this ranking was held by Nicaragua (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Guatemala stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+8.0% per year) and Nicaragua (+50.9% per year).

In value terms, the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Costa Rica were Guatemala ($X), Nicaragua ($X) and El Salvador ($X), together accounting for 86% of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +50.8%, recorded the highest growth rate of the value of exports, 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 export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 68% against the previous year. In general, the export price, however, saw a mild decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala ($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 El Salvador (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Costa Rica

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Costa Rica reduced remarkably to X tons, which is down by -24.2% on 2021. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 204% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced markedly to $X in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 180% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Thailand (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Costa Rica, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Guatemala ($X) appeared to be the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Costa Rica, together accounting for 85% of total imports.

Guatemala, with a CAGR of +51.8%, recorded the highest growth rate of 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 import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, rising by 8.9% against the previous year. In general, the import price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 9%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Guatemala ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform