Composition Leather Price in Costa Rica - 2022

Contents:

1. Composition Leather Price in Costa Rica (CIF) - 2022
2. Composition Leather Price in Costa Rica (FOB) - 2022
3. Composition Leather Imports in Costa Rica
4. Composition Leather Exports in Costa Rica

Composition Leather Price in Costa Rica (CIF) - 2022

The average composition leather import price stood at $7.5 per square meter in 2022, rising by 6.8% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Spain ($11 per square meter), while the price for Germany ($5.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+71.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Composition Leather Price in Costa Rica (FOB) - 2022

The average composition leather export price stood at $5.9 per square meter in 2022, jumping by 68% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Montenegro.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +28.1% per year.

Composition Leather Imports in Costa Rica

In 2022, supplies from abroad of composition leather increased by 90% to 1.4K square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp descent. Over the period under review, imports reached the peak figure at 5K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, composition leather imports skyrocketed to $10K in 2022. In general, imports, however, recorded a precipitous shrinkage. Imports peaked at $25K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Composition Leather to Costa Rica in 2022:

1. Italy (332.0 square meters)
2. Germany (130.0 square meters)
3. Spain (20.0 square meters)

Composition Leather Exports in Costa Rica

Composition leather exports from Costa Rica contracted dramatically to 3.2K square meters in 2022, shrinking by -23.4% on the previous year's figure. In general, exports showed a abrupt decline. The smallest decline of -12.5% was in 2020. Over the period under review, the exports attained the peak figure at 5.5K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, composition leather exports surged to $19K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Composition Leather from Costa Rica in 2022:

1. Montenegro (4.5K square meters)

Source: IndexBox Market Intelligence Platform