Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica - 2022

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica (CIF) - 2022
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,310 per ton, surging by 20% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. The import price peaked at $6,277 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($10,424 per ton), while the price for Panama ($946 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.6%), while the prices for the other major suppliers experienced a decline.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $6,796 per ton in 2022, with an increase of 27% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 129% against the previous year. As a result, the export price reached the peak level of $10,294 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($8,234 per ton), while the average price for exports to Nicaragua amounted to $5,711 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+2.4%).

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica

Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Costa Rica soared to 221 tons in 2022, surging by 27% against the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% 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 -14.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports attained the peak of 258 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $1.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Costa Rica in 2022:

1. China (134.9 tons)
2. United States (77.8 tons)
3. Panama (0.2 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Costa Rica

After three years of growth, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -2% to 10 tons in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 224% against the previous year. As a result, the exports reached the peak of 11 tons, and then reduced slightly in the following year.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $71K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 109% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Costa Rica in 2022:

1. Nicaragua (6.2 tons)
2. Panama (4.2 tons)

Source: IndexBox Market Intelligence Platform