Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica - 2022

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (CIF) - 2022

In 2022, the average import price for clasps and frames with clasps amounted to $11,060 per ton, growing by 4.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30%. As a result, import price reached the peak level of $12,735 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($25,418 per ton), while the price for Guatemala ($3,822 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) (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (FOB) - 2022

The average export price for clasps and frames with clasps stood at $20,815 per ton in 2022, jumping by 80% against the previous year. In general, the export price saw a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 84% against the previous year. As a result, the export price reached the peak level of $27,041 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($38,944 per ton), while the average price for exports to Nicaragua ($2,091 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 the Netherlands (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica

In 2022, approx. 33 tons of clasps and frames with clasps were imported into Costa Rica; rising by 66% on the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.3% against 2020 indices.

In value terms, imports of clasps and frames with clasps soared to $361K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain68.471.157.310916.8%
United States12213662.9106-4.6%
China52.063.561.910325.6%
Mexico4.211.66.717.059.4%
Panama6.48.78.75.6-4.4%
Guatemala3.03.13.45.320.9%
Others8.514.67.214.920.6%
Total26530920836110.9%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Costa Rica in 2022:

  1. China (13.1 tons)
  2. Spain (9.6 tons)
  3. United States (5.2 tons)
  4. Mexico (1.8 tons)
  5. Guatemala (1.4 tons)
  6. Panama (0.8 tons)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas shipments of clasps and frames with clasps, which decreased by -52.1% to 81 kg in 2022. Overall, exports saw a dramatic slump. The smallest decline of -6.9% was in 2020.

In value terms, exports of clasps and frames with clasps shrank to $1.7K in 2022. Over the period under review, exports saw a abrupt decline. The smallest decline of -1.3% was in 2021.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands46351468770114.8%
Honduras65.0114743635113.8%
United States73.046411.017132.8%
El Salvador7.013.027.079.0124.3%
Nicaragua58853030923.0-66.1%
Guatemala69.023.021.014.0-41.2%
Panama1442751577.0-63.5%
Others64248.0N/A56.0-55.7%
Total2,0511,9811,9551,686-6.3%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Costa Rica in 2022:

  1. Honduras (22.0 kg)
  2. United States (20.0 kg)
  3. Netherlands (18.0 kg)
  4. Nicaragua (11.0 kg)
  5. El Salvador (6.0 kg)
  6. Guatemala (2.0 kg)
  7. Panama (1.0 kg)

Source: IndexBox Market Intelligence Platform

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