Price for Waste, Parings and Scrap, of Plastics in Costa Rica - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Costa Rica (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Costa Rica (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Costa Rica
4. Imports of Waste, Parings and Scrap, of Plastics in Costa Rica

Price for Waste, Parings and Scrap, of Plastics in Costa Rica (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $647 per ton in 2022, jumping by 21% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($909 per ton), while the average price for exports to the United States ($439 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 Latvia (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Costa Rica (CIF) - 2022

In 2022, the average import price for waste, parings and scrap, of plasticses amounted to $574 per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Colombia ($1,351 per ton), while the price for the United States ($440 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in Costa Rica

In 2022, shipments abroad of waste, parings and scrap, of plasticses decreased by -35.9% to 5.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2020 when exports increased by 83% against the previous year. As a result, the exports reached the peak of 8.5K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of waste, parings and scrap, of plasticses fell significantly to $3.5M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 55% against the previous year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Costa Rica in 2022:

1. Honduras (1422.4 tons)
2. El Salvador (1412.5 tons)
3. Peru (548.3 tons)
4. Guatemala (501.0 tons)
5. Latvia (373.0 tons)
6. United States (198.1 tons)
7. Nicaragua (188.7 tons)

Imports of Waste, Parings and Scrap, of Plastics in Costa Rica

In 2022, approx. 3.9K tons of waste, parings and scrap, of plasticses were imported into Costa Rica; jumping by 19% compared with the year before. In general, imports, however, showed a perceptible decline.

In value terms, imports of waste, parings and scrap, of plasticses surged to $2.2M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 increased by +83.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Costa Rica in 2022:

1. Panama (1351.2 tons)
2. United States (1248.1 tons)
3. Dominican Republic (459.3 tons)
4. Nicaragua (340.8 tons)
5. Colombia (163.0 tons)
6. El Salvador (122.5 tons)
7. Guatemala (102.6 tons)

Source: IndexBox Market Intelligence Platform