Costa Rica: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Costa Rica

The Costa Rican market for soap and organic surface-active products in bars for toilet use rose sharply to $X in 2022, surging by 7.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -7.0% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports from Costa Rica

In 2022, exports of soap and organic surface-active products in bars for toilet use from Costa Rica reduced remarkably to X tons, dropping by -38.8% against the year before. Over the period under review, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 346% against the previous year. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, exports of soap and organic surface-active products in bars for toilet use fell dramatically to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 317%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Nicaragua (X tons), Honduras (X tons) and Panama (X tons) were the main destinations of exports of soap and organic surface-active products in bars for toilet use from Costa Rica, with a combined 70% share of total exports. El Salvador, Guatemala, the Dominican Republic and the United States lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +133.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Panama ($X) and Honduras ($X) appeared to be the largest markets for soap in bars for toilet use exported from Costa Rica worldwide, with a combined 73% share of total exports. El Salvador, Guatemala, the Dominican Republic and the United States lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, the United States, with a CAGR of +97.0%, saw the highest rates of growth with regard to 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 soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 23%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to the United States ($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 Panama (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports into Costa Rica

Imports of soap and organic surface-active products in bars for toilet use into Costa Rica reduced slightly to X tons in 2022, dropping by -1.6% on 2021. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +33.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 64% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars for toilet use totaled $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports of attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest soap in bars for toilet use supplier to Costa Rica, with a 42% share of total imports. Moreover, imports of soap and organic surface-active products in bars for toilet use from Guatemala exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+16.1% per year) and the United States (+4.2% per year).

In value terms, Guatemala ($X) constituted the largest supplier of soap and organic surface-active products in bars for toilet use to Costa Rica, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Mexico, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Guatemala totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Mexico (-0.1% per year).

Import Prices by Country

In 2022, the average import price for soap and organic surface-active products in bars for toilet use amounted to $X per ton, surging by 8.7% against the previous year. In general, the import price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform