Costa Rica: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Costa Rica

The Costa Rican market for rigid tubes, pipes and hoses of polymers of vinyl chloride was finally on the rise to reach $X in 2022, after six years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Costa Rica

In value terms, vinyl chloride polymer rigid pipes production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Vinyl chloride polymer rigid pipes production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Costa Rica

Vinyl chloride polymer rigid pipes exports from Costa Rica shrank to X tons in 2022, dropping by -11.1% against the previous year's figure. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +10.7% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 30%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, vinyl chloride polymer rigid pipes exports contracted markedly to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +44.9% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Nicaragua (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Costa Rica, accounting for a 46% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Nicaragua exceeded the volume sent to the second major destination, Panama (X tons), twofold. The third position in this ranking was held by Honduras (X tons), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+3.9% per year) and Honduras (+4.1% per year).

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Costa Rica were Nicaragua ($X), Panama ($X) and the United States ($X), with a combined 72% share of total exports.

In terms of the main countries of destination, Nicaragua, with a CAGR of +4.8%, 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

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, with a decrease of -5.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 the United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Costa Rica

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride imported into Costa Rica contracted to X tons, dropping by -13.7% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 58%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, vinyl chloride polymer rigid pipes imports dropped to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 57% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Guatemala (X tons), the Dominican Republic (X tons) and Venezuela (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Costa Rica, together accounting for 76% of total imports. China, Mexico, Panama, India, the United States and Nicaragua lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +82.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Costa Rica, comprising 36% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with an 18% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Guatemala stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+1.2% per year) and the United States (-7.0% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2020 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform