MDF Price in Costa Rica - 2021
Contents:
- MDF Price in Costa Rica (CIF) - 2022
- MDF Price in Costa Rica (FOB) - 2022
- MDF Imports in Costa Rica
- MDF Exports in Costa Rica
MDF Price in Costa Rica (CIF) - 2022
In 2022, the average MDF import price amounted to $584 per cubic meter, jumping by 35% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($1,011 per cubic meter), while the price for Austria ($477 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Costa Rica (FOB) - 2022
The average MDF export price stood at $813 per cubic meter in 2022, declining by -2.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 101% against the previous year. Over the period under review, the average export prices hit record highs at $1,190 per cubic meter in 2017; however, from 2018 to 2022, the 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 Nicaragua ($1,128 per cubic meter), while the average price for exports to Honduras ($327 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.1%), while the prices for the other major destinations experienced a decline.
MDF Imports in Costa Rica
In 2022, approx. 18K cubic meters of MDF were imported into Costa Rica; which is down by -18.7% compared with 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 22K cubic meters, and then declined rapidly in the following year.
In value terms, MDF imports expanded markedly to $10M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of MDF in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.4 | 1.3 | 4.0 | 115.4% |
| Brazil | 1.2 | 1.3 | 2.9 | 2.3 | 24.2% |
| Chile | 1.8 | 1.2 | 1.9 | 2.2 | 6.9% |
| Spain | 0.3 | 0.5 | 0.8 | 1.1 | 54.2% |
| Colombia | 0.5 | 0.3 | 0.1 | 0.1 | -41.5% |
| Sweden | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 1.5 | 1.6 | 2.3 | 0.5 | -30.7% |
| Total | 5.9 | 5.3 | 9.4 | 10.3 | 20.4% |
Top Suppliers of MDF to Costa Rica in 2022:
- China (8.0K cubic meters)
- Brazil (3.8K cubic meters)
- Chile (3.5K cubic meters)
- Spain (1.8K cubic meters)
- Colombia (0.1K cubic meters)
MDF Exports in Costa Rica
MDF exports from Costa Rica skyrocketed to 55 cubic meters in 2022, with an increase of 162% against 2021. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, MDF exports skyrocketed to $45K in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of MDF in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 13.1 | 7.3 | 8.9 | 22.6 | 19.9% |
| Nicaragua | 2.9 | 3.8 | 4.6 | 11.3 | 57.4% |
| Guatemala | 13.8 | 3.8 | 3.0 | 10.2 | -9.6% |
| Honduras | 0.5 | 0.8 | 0.8 | 0.7 | 11.9% |
| Indonesia | 2.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 3.7 | 0.2 | N/A | -94.6% |
| Total | 33.0 | 19.4 | 17.5 | 44.7 | 10.6% |
Top Export Markets for MDF from Costa Rica in 2022:
- Panama (28.0 cubic meters)
- Guatemala (15.0 cubic meters)
- Nicaragua (10.0 cubic meters)
- Honduras (2.0 cubic meters)
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