Costa Rica: Zinc Oxide Market 2024

Zinc Oxide Market Size in Costa Rica

The Costa Rican zinc oxide market dropped dramatically to $X in 2022, falling by X% 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). Overall, consumption, however, enjoyed notable growth. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Zinc Oxide Exports

Exports from Costa Rica

In 2022, overseas shipments of zinc oxide and zinc peroxide were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, zinc oxide exports soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for zinc oxide exports from Costa Rica, with a X% share of total exports. Moreover, zinc oxide exports to Guatemala exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and El Salvador (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for zinc oxide and zinc peroxide exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Nicaragua ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2022, the average zinc oxide export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Costa Rica

In 2022, the amount of zinc oxide and zinc peroxide imported into Costa Rica shrank rapidly to X tons, with a decrease of X% against 2021 figures. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, zinc oxide imports fell notably to $X in 2022. Overall, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest zinc oxide supplier to Costa Rica, accounting for a X% share of total imports. Moreover, zinc oxide imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of zinc oxide and zinc peroxide to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

Import Prices by Country

The average zinc oxide import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped 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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform