Costa Rica: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Costa Rica

The Costa Rican sawnwood (non-coniferous) market stood at $X in 2022, increasing by 5% against the previous year. In general, consumption, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.4%. Sawnwood (non-coniferous) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Production in Costa Rica

In value terms, sawnwood (non-coniferous) production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Costa Rica

Sawnwood (non-coniferous) exports from Costa Rica rose to X cubic meters in 2022, growing by 5% compared with 2021 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 366%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (non-coniferous) exports declined rapidly to $X in 2022. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 401% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Costa Rica, accounting for a 74% share of total exports. Moreover, sawnwood (non-coniferous) exports to India exceeded the volume sent to the second major destination, Vietnam (X cubic meters), sixfold. China (X cubic meters) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+38.4% per year) and China (+17.0% per year).

In value terms, the largest markets for sawnwood (non-coniferous) exported from Costa Rica were India ($X), the United States ($X) and Vietnam ($X), with a combined 79% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +36.3%, saw 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 sawnwood (non-coniferous) export price amounted to $X per cubic meter, dropping by -22.2% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 26%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to India ($X per cubic meter) 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 (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Costa Rica

In 2022, imports of sawnwood (non-coniferous) into Costa Rica contracted significantly to X cubic meters, reducing by -42.1% compared with the previous year. Over the period under review, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 316% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sawnwood (non-coniferous) imports contracted dramatically to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 93%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Panama (X cubic meters) constituted the largest sawnwood (non-coniferous) supplier to Costa Rica, accounting for a 73% share of total imports. Moreover, sawnwood (non-coniferous) imports from Panama exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fourfold. Chile (X cubic meters) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Panama amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and Chile (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of sawnwood (non-coniferous) to Costa Rica, comprising 56% of total imports. The second position in the ranking was taken by Panama ($X), with a 22% share of total imports. It was followed by Chile, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+16.1% per year) and Chile (-0.6% per year).

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, rising by 14% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2016 an increase of 143%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform