Costa Rica: Plastic Supports Market 2024

Plastic Supports Market Size in Costa Rica

The Costa Rican plastic supports market declined markedly to $X in 2022, dropping by -27.6% 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, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Supports Exports

Exports from Costa Rica

In 2022, approx. X tons of spools, cops, bobbins and similar supports of plastics were exported from Costa Rica; waning by -18.1% against 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 132% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plastic supports exports reduced sharply to $X in 2022. Over the period under review, exports recorded a mild descent. The pace of growth was the most pronounced in 2021 when exports increased by 159% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

The United States (X tons) was the main destination for plastic supports exports from Costa Rica, with a 83% share of total exports. Moreover, plastic supports exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+125.0% per year) and Panama (+2.3% per year).

In value terms, the United States ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from Costa Rica, comprising 74% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+157.8% per year) and Panama (+4.1% per year).

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, falling by -15.5% against the previous year. Overall, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton 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 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 El Salvador (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Supports Imports

Imports into Costa Rica

In 2022, plastic supports imports into Costa Rica fell markedly to X tons, which is down by -23.4% on 2021 figures. Overall, imports saw a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 103%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic supports imports fell sharply to $X in 2022. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 109%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of plastic supports to Costa Rica, with a 58% share of total imports. Moreover, plastic supports imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Japan (+74.6% per year).

In value terms, the United States ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to Costa Rica, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 5.4% share of total imports. It was followed by Japan, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.9% per year) and Japan (+77.4% per year).

Import Prices by Country

The average plastic supports import price stood at $X per ton in 2022, dropping by -2.8% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the average import price increased by 64%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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 Singapore ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform