Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica - 2022

Contents:

  1. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (CIF) - 2022
  2. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (FOB) - 2022
  3. Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica
  4. Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (CIF) - 2022

In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,295 per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 18%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,209 per ton), while the price for Chile ($1,604 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (FOB) - 2022

In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,146 per ton, picking up by 4.9% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -2.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $3,215 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($7,863 per ton), while the average price for exports to Chile ($2,129 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 Honduras (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica

In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Costa Rica shrank to 3.4K tons, dropping by -9.9% on the previous year's figure. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 2.8% against the previous year.

In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) rose to $15M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.45.87.37.34.5%
Mexico3.83.02.62.9-8.6%
Spain0.60.40.50.914.5%
El Salvador0.50.50.50.711.9%
Germany0.10.20.50.458.7%
Guatemala0.20.10.20.314.5%
China0.20.20.30.314.5%
Chile0.30.30.50.2-12.6%
EcuadorN/A0.10.70.10.0%
Others0.71.01.11.528.9%
Total12.811.714.214.64.5%

Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Costa Rica in 2022:

  1. United States (1441.0 tons)
  2. Mexico (695.1 tons)
  3. El Salvador (277.9 tons)
  4. Spain (211.3 tons)
  5. Guatemala (137.1 tons)
  6. Chile (130.0 tons)
  7. China (99.3 tons)
  8. Germany (95.9 tons)
  9. Ecuador (46.0 tons)

Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica

In 2022, overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins) were finally on the rise to reach 4.5K tons after two years of decline. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $14M in 2022. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile0.30.10.24.1139.1%
Panama2.61.41.72.0-8.4%
Guatemala1.91.71.31.8-1.8%
Nicaragua1.81.51.21.7-1.9%
Honduras1.31.21.01.54.9%
El Salvador1.00.90.61.39.1%
ColombiaN/AN/AN/A0.60%
Peru0.30.60.40.2-12.6%
Others0.2N/A0.11.071.0%
Total9.37.46.614.215.2%

Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Costa Rica in 2022:

  1. Chile (1916.6 tons)
  2. Guatemala (822.0 tons)
  3. Panama (566.2 tons)
  4. Nicaragua (426.3 tons)
  5. El Salvador (326.7 tons)
  6. Honduras (193.2 tons)
  7. Colombia (100.3 tons)
  8. Peru (38.3 tons)

Source: IndexBox Market Intelligence Platform

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