Costa Rica: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Costa Rica

For the third year in a row, the Costa Rican sulphides, dithionites and sulphoxylates market recorded growth in sales value, which increased by 21% to $X in 2022. In general, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Costa Rica

In 2022, approx. X tons of sulphides, polysulphides, dithionites and sulphoxylates were exported from Costa Rica; with a decrease of -15.3% against the previous year. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 38%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates exports fell to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 131%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons), Nicaragua (X tons) and Panama (X kg) were the main destinations of sulphides, dithionites and sulphoxylates exports from Costa Rica, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +11.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Guatemala ($X), the Dominican Republic ($X) and Nicaragua ($X) constituted the largest markets for sulphides, dithionites and sulphoxylates exported from Costa Rica worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2022, picking up by 5.4% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates export price increased by +108.8% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 67%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the Dominican Republic ($X per ton), while the average price for exports to Panama ($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 Dominican Republic (+17.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Costa Rica

For the third consecutive year, Costa Rica recorded growth in overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates, which increased by 6.6% to X tons in 2022. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphides, dithionites and sulphoxylates imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 43%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to Costa Rica, accounting for a 70% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from Mexico exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. China (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-17.9% per year) and China (-20.1% per year).

In value terms, the largest sulphides, dithionites and sulphoxylates suppliers to Costa Rica were Belgium ($X), China ($X) and Mexico ($X), together comprising 59% of total imports. The United States, Guatemala, Brazil and Germany lagged somewhat behind, together comprising a further 40%.

Brazil, with a CAGR of +18.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average sulphides, dithionites and sulphoxylates import price amounted to $X per ton, growing by 21% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates import price increased by +102.0% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform