Price for Chain and Parts Thereof, of Iron or Steel in Costa Rica - 2022

Contents:

  1. Price for Chain and Parts Thereof, of Iron or Steel in Costa Rica (CIF) - 2022
  2. Price for Chain and Parts Thereof, of Iron or Steel in Costa Rica (FOB) - 2022
  3. Imports of Chain and Parts Thereof, of Iron or Steel in Costa Rica
  4. Exports of Chain and Parts Thereof, of Iron or Steel in Costa Rica

Price for Chain and Parts Thereof, of Iron or Steel in Costa Rica (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,810 per ton, rising by 15% against the previous year. In general, the import price, however, showed a pronounced contraction. The import price peaked at $5,788 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United States ($8,159 per ton), while the price for China ($2,290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Costa Rica (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $7,906 per ton, picking up by 155% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The export price peaked at $9,626 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($20,807 per ton), while the average price for exports to Jamaica ($1,307 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 Argentina (+64.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Costa Rica

In 2022, the amount of chain and parts thereof, of iron or steel imported into Costa Rica shrank to 964 tons, with a decrease of -7.8% against 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 36%.

In value terms, imports of chain and parts thereof, of iron or steel expanded slightly to $3.7M in 2022. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 39%.

Import of Chain and Parts Thereof, of Iron or Steel in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,5871,0351,3231,6601.5%
United States1,072569746850-7.4%
Japan439225325210-21.8%
Brazil87.031.110914117.5%
Taiwan (Chinese)127147141109-5.0%
Panama12464.582.083.0-12.5%
Others985455773617-14.4%
Total4,4212,5273,5003,671-6.0%

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Costa Rica in 2022:

  1. China (725.0 tons)
  2. United States (104.2 tons)
  3. Japan (27.9 tons)
  4. Brazil (27.0 tons)
  5. Taiwan (Chinese) (15.2 tons)
  6. Panama (15.1 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Costa Rica

In 2022, exports of chain and parts thereof, of iron or steel from Costa Rica fell dramatically to 6.2 tons, with a decrease of -89.7% against the year before. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 521%. As a result, the exports attained the peak of 61 tons, and then dropped rapidly in the following year.

In value terms, exports of chain and parts thereof, of iron or steel fell sharply to $37K in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 737% against the previous year. As a result, the exports reached the peak of $349K, and then contracted rapidly in the following year.

Export of Chain and Parts Thereof, of Iron or Steel in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua4.97.21529.625.1%
Guatemala0.52.647.79.2164.0%
Honduras0.33.029.36.2174.4%
Panama22.820.766.34.3-42.7%
El Salvador0.70.341.93.367.7%
United States44.04.03.63.0-59.1%
Sierra LeoneN/AN/AN/A1.20%
JamaicaN/AN/AN/A0.50%
Ecuador55.3N/AN/AN/A0%
Others59.63.98.2N/A-62.9%
Total18841.634937.4-41.6%

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Costa Rica in 2022:

  1. Panama (1390.0 kg)
  2. Guatemala (1370.0 kg)
  3. El Salvador (1235.0 kg)
  4. United States (512.0 kg)
  5. Honduras (490.0 kg)
  6. Nicaragua (462.0 kg)
  7. Sierra Leone (409.0 kg)
  8. Jamaica (378.0 kg)

Source: IndexBox Market Intelligence Platform

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