Costa Rica: Fromwork Market 2025

Fromwork Market Size in Costa Rica

The Costa Rican fromwork market was estimated at $X in 2022, picking up by 2.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fromwork consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fromwork Production in Costa Rica

In value terms, fromwork production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 27%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fromwork Exports

Exports from Costa Rica

In 2022, overseas shipments of shuttering for concrete constructional work, shingles and shakes, of wood increased by 8.4% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 352% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fromwork exports fell to $X in 2022. Overall, exports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for fromwork exports from Costa Rica, with a 97% share of total exports. Moreover, fromwork exports to Panama exceeded the volume sent to the second major destination, Nicaragua (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled +22.1%.

In value terms, Panama ($X) emerged as the key foreign market for shuttering for concrete constructional work, shingles and shakes, of wood exports from Costa Rica, comprising 97% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to +16.2%.

Export Prices by Country

In 2022, the average fromwork export price amounted to $X per ton, shrinking by -11.1% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2016 an increase of 223%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+113.2%), while the prices for the other major destinations experienced a decline.

Fromwork Imports

Imports into Costa Rica

In 2022, approx. X tons of shuttering for concrete constructional work, shingles and shakes, of wood were imported into Costa Rica; rising by 16% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 310%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fromwork imports soared to $X in 2022. In general, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 376%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Austria (X tons), Guyana (X tons) and the United States (X tons) were the main suppliers of fromwork imports to Costa Rica, together comprising 51% of total imports. Germany, Indonesia, Italy, Panama and China lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of shuttering for concrete constructional work, shingles and shakes, of wood to Costa Rica, comprising 26% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Guyana, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and Guyana (+0.6% per year).

Import Prices by Country

The average fromwork import price stood at $X per ton in 2022, stabilizing at the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fromwork import price increased by +78.0% against 2015 indices. The growth pace was the most rapid in 2018 an increase of 30%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform