Report Update: May 1, 2024

Costa Rica - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Stearic Acid Price in Costa Rica - 2021

Industrial Stearic Acid Price in Costa Rica (CIF) - 2022

In 2022, the average industrial stearic acid import price amounted to $2,415 per ton, with an increase of 48% against the previous year. In general, the import price recorded a moderate expansion. The growth pace was the most rapid in 2021 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($3,459 per ton), while the price for Mexico ($1,742 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Industrial Stearic Acid Price in Costa Rica (FOB) - 2022

In 2022, the average industrial stearic acid export price amounted to $2,424 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 an increase of 163% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,453 per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +17.6% per year.

Industrial Stearic Acid Imports in Costa Rica

In 2022, approx. 824 tons of industrial stearic acid were imported into Costa Rica; increasing by 7.7% on the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial stearic acid imports surged to $2M in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 110%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Industrial Stearic Acid in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	271	416	636	1,120	60.5%
Indonesia	40.8	29.5	282	431	119.4%
China	1.0	1.1	9.9	239	520.6%
Malaysia	38.4	66.2	138	113	43.3%
Guatemala	8.3	5.3	34.7	52.9	85.4%
Mexico	6.9	6.1	4.5	35.0	71.8%
Others	57.2	70.7	143	N/A	58.1%
Total	424	595	1,248	1,991	67.5%

Top Suppliers of Industrial Stearic Acid to Costa Rica in 2022:

United States (427.0 tons)
Indonesia (218.0 tons)
China (96.0 tons)
Malaysia (48.0 tons)
Mexico (20.1 tons)
Guatemala (15.3 tons)

Industrial Stearic Acid Exports in Costa Rica

In 2022, overseas shipments of industrial stearic acid decreased by -98.5% to 33 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 191%. As a result, the exports attained the peak of 5.5 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial stearic acid exports fell sharply to $80 in 2022. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 270% against the previous year. As a result, the exports reached the peak of $9.5K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Industrial Stearic Acid in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	2.1	6.5	2.0	0.1	-63.8%
Panama	0.2	0.4	0.9	N/A	112.1%
Nicaragua	0.2	2.4	2.4	N/A	246.4%
Others	N/A	0.1	N/A	N/A	0%
Total	2.6	9.5	5.3	0.1	-66.2%

Top Export Markets for Industrial Stearic Acid from Costa Rica in 2022:

Guatemala (33.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial stearic acid market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023