Costa Rica: Printing Components Market 2024

Printing Components Market Size in Costa Rica

The Costa Rican printing components market declined slightly to $X in 2022, which is down by -2.2% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Printing Components Production in Costa Rica

In value terms, printing components production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 64%. Printing components production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Printing Components Exports

Exports from Costa Rica

In 2022, after six years of growth, there was significant decline in overseas shipments of printing components, when their volume decreased by -10.1% to X tons. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, printing components exports dropped to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X tons), Nicaragua (X tons) and Honduras (X tons) were the main destinations of printing components exports from Costa Rica, with a combined 92% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of -2.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for printing components exported from Costa Rica were El Salvador ($X), Honduras ($X) and Nicaragua ($X), together accounting for 88% of total exports.

Honduras, with a CAGR of -8.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average printing components export price stood at $X per ton in 2022, surging by 3.1% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing components export price decreased by -45.2% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 78%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Components Imports

Imports into Costa Rica

In 2022, supplies from abroad of printing components was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, printing components imports amounted to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest printing components supplier to Costa Rica, accounting for a 79% share of total imports. Moreover, printing components imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Mexico (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.4% per year) and Mexico (+50.4% per year).

In value terms, the largest printing components suppliers to Costa Rica were China ($X), the United States ($X) and Mexico ($X), together accounting for 86% of total imports.

Among the main suppliers, Mexico, with a CAGR of +32.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average printing components import price amounted to $X per ton, reducing by -5.6% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 8.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform