Costa Rica: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Costa Rica

The Costa Rican polyvinyl chloride market declined sharply to $X in 2022, shrinking by -16.8% 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 recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped notably in the following year.

Polyvinyl Chloride Exports

Exports from Costa Rica

In 2022, approx. X tons of polyvinyl chloride were exported from Costa Rica; which is down by -15.7% against 2021 figures. Overall, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports fell notably to $X in 2022. Over the period under review, exports showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 120%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for polyvinyl chloride exports from Costa Rica, with a 62% share of total exports. Moreover, polyvinyl chloride exports to the United States exceeded the volume sent to the second major destination, Honduras (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-9.5% per year) and Mexico (+5.8% per year).

In value terms, the United States ($X) remains the key foreign market for polyvinyl chloride exports from Costa Rica, comprising 66% of total exports. The second position in the ranking was held by Honduras ($X), with a 12% share of total exports. It was followed by Mexico, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-11.7% per year) and Mexico (+6.1% per year).

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, with a decrease of -13.7% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +50.0% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: 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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Costa Rica

In 2022, approx. X tons of polyvinyl chloride were imported into Costa Rica; approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, polyvinyl chloride imports contracted rapidly to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +89.9% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 62%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of polyvinyl chloride to Costa Rica, with a 82% share of total imports. Moreover, polyvinyl chloride imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+15.1% per year) and Mexico (-3.0% per year).

In value terms, the United States ($X) constituted the largest supplier of polyvinyl chloride to Costa Rica, comprising 82% of total imports. The second position in the ranking was taken by Colombia ($X), with a 6.2% share of total imports. It was followed by Mexico, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+16.1% per year) and Mexico (+1.4% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, falling by -17.1% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +48.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Colombia ($X per ton) and the United States ($X per ton), while the price for Mexico ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform