Costa Rica: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Costa Rica

The Costa Rican market for ready-mixed concrete and factory made mortars rose significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Ready-Mixed Concrete And Factory Made Mortars in Costa Rica

In value terms, production of ready-mixed concrete and factory made mortars amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Costa Rica

In 2022, shipments abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of ready-mixed concrete and factory made mortars rose notably to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Costa Rica, with a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Nicaragua exceeded the volume sent to the second major destination, Panama (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Honduras (X% per year).

In value terms, Nicaragua ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nicaragua amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Honduras (X% per year).

Export Prices by Country

The average export price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a mild downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, 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 Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Costa Rica

In 2022, imports of ready-mixed concrete and factory made mortars into Costa Rica reduced modestly to X tons, declining by X% against the previous year. Overall, imports recorded a mild decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars surged 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 X% 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 X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of ready-mixed concrete and factory made mortar to Costa Rica, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Mexico (X% per year).

Import Prices by Country

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform