Costa Rica: Concrete Tile Market 2024

Concrete Tile Market Size in Costa Rica

The Costa Rican concrete tile market rose modestly to $X in 2022, picking up by 3.7% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -3.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Concrete Tile Production in Costa Rica

In value terms, concrete tile production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 39%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Concrete Tile Exports

Exports from Costa Rica

In 2022, shipments abroad of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone decreased by -3.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a precipitous decrease. The growth pace was the most rapid in 2017 when exports increased by 374%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, concrete tile exports expanded markedly to $X in 2022. Over the period under review, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of 301% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X tons), Panama (X tons) and the Dominican Republic (X tons) were the main destinations of concrete tile exports from Costa Rica, together comprising 94% of total exports. Guyana lagged somewhat behind, accounting for a further 5.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of +54.4%), while the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X) remains the key foreign market for tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone exports from Costa Rica, comprising 61% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 17% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Nicaragua amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+0.6% per year) and Panama (-35.2% per year).

Export Prices by Country

In 2022, the average concrete tile export price amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 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 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 (+18.9%), while the prices for the other major destinations experienced a decline.

Concrete Tile Imports

Imports into Costa Rica

After two years of growth, overseas purchases of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone decreased by -4.1% to X tons in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 84%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete tile imports fell slightly to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +34.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 46%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Guatemala (X tons), China (X tons) and Colombia (X tons) were the main suppliers of concrete tile imports to Costa Rica, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +38.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone to Costa Rica, comprising 44% of total imports. The second position in the ranking was taken by Guatemala ($X), with an 11% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+11.1% per year) and Italy (+14.8% per year).

Import Prices by Country

In 2022, the average concrete tile import price amounted to $X per ton, stabilizing at the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete tile import price increased by +94.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell modestly 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 Italy ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform