Report Update: May 9, 2024

Costa Rica - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights

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Lubricating Oil Additive Price in Costa Rica - 2021

Lubricating Oil Additive Price in Costa Rica (CIF) - 2021

In March 2020, the average lubricating oil additive import price amounted to $7,123 per ton, reducing by -8.6% against the previous month. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in February 2020 when the average import price increased by 2.6% m-o-m. As a result, import price attained the peak level of $7,789 per ton, and then shrank in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,298 per ton), while the price for Mexico ($1,685 per ton) was amongst the lowest.

From January 2020 to March 2020, the most notable rate of growth in terms of prices was attained by Germany (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricating Oil Additive Price in Costa Rica (FOB) - 2022

The average lubricating oil additive export price stood at $2,664 per ton in 2022, growing by 56% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 144%. As a result, the export price attained the peak level of $6,468 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +37.2% per year.

Lubricating Oil Additive Imports in Costa Rica

Lubricating oil additive imports into Costa Rica soared to 117 tons in 2022, jumping by 110% on the previous year's figure. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lubricating oil additive imports surged to $954K in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lubricating Oil Additive in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	303	202	238	828	39.8%
Belgium	4.7	9.9	8.1	38.2	101.1%
Germany	24.0	25.6	31.6	34.1	12.4%
China	N/A	N/A	N/A	19.3	0%
Mexico	N/A	N/A	N/A	8.5	0%
Panama	35.9	N/A	N/A	2.6	-58.3%
Others	66.2	120	152	23.0	-29.7%
Total	434	358	430	954	30.0%

Top Suppliers of Lubricating Oil Additive to Costa Rica in 2022:

United States (97.3 tons)
China (7.4 tons)
Mexico (2.6 tons)
Germany (2.5 tons)
Panama (2.1 tons)
Belgium (1.8 tons)

Lubricating Oil Additive Exports in Costa Rica

In 2022, lubricating oil additive exports from Costa Rica reduced rapidly to 3.2 tons, dropping by -31.8% compared with the previous year's figure. Over the period under review, exports saw a precipitous curtailment. The smallest decline of -18.1% was in 2020.

In value terms, lubricating oil additive exports expanded notably to $8.6K in 2022. In general, exports recorded a dramatic slump.

Export of Lubricating Oil Additive in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	1.1	18.0	N/A	8.6	98.5%
Panama	21.3	N/A	N/A	N/A	0%
Honduras	1.2	N/A	8.1	N/A	159.8%
Others	0.1	N/A	N/A	N/A	0%
Total	23.7	18.0	8.1	8.6	-28.7%

Top Export Markets for Lubricating Oil Additive from Costa Rica in 2022:

Dominican Republic (3.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricating oil additive 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 20594270 - Additives for lubricating oils

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:

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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
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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