Costa Rica - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Costa Rica - 2022
Contents:
- Steel Stranded Wire Price in Costa Rica (CIF) - 2022
- Steel Stranded Wire Price in Costa Rica (FOB) - 2022
- Steel Stranded Wire Imports in Costa Rica
- Steel Stranded Wire Exports in Costa Rica
Steel Stranded Wire Price in Costa Rica (CIF) - 2022
In 2022, the average steel stranded wire import price amounted to $3,537 per ton, rising by 12% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire import price increased by +99.3% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 23%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 ($9,623 per ton), while the price for Turkey ($1,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Stranded Wire Price in Costa Rica (FOB) - 2022
The average steel stranded wire export price stood at $15,701 per ton in 2022, increasing by 21% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 75%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($33,148 per ton), while the average price for exports to Panama ($1,398 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 United States (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Stranded Wire Imports in Costa Rica
In 2022, the amount of iron or steel stranded wire, ropes and cables imported into Costa Rica soared to 9.7K tons, increasing by 27% against 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, steel stranded wire imports skyrocketed to $34M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Steel Stranded Wire in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 6.6 | 4.8 | 12.9 | 23.8% |
| South Korea | 4.1 | 3.4 | 6.5 | 12.3 | 44.2% |
| China | 1.1 | 1.0 | 1.5 | 2.9 | 38.1% |
| Brazil | 0.9 | 1.1 | 1.9 | 1.6 | 21.1% |
| Mexico | N/A | N/A | 0.6 | 1.5 | 150.0% |
| Turkey | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Thailand | 1.8 | 1.9 | 3.0 | 0.5 | -34.8% |
| Argentina | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.0 | 1.6 | 5.6 | 1.4 | 11.9% |
| Total | 15.9 | 15.5 | 23.9 | 34.1 | 29.0% |
Top Suppliers of Steel Stranded Wire to Costa Rica in 2022:
- South Korea (4.0K tons)
- China (1.5K tons)
- United States (1.3K tons)
- Brazil (1.0K tons)
- Mexico (0.6K tons)
- Turkey (0.5K tons)
- Argentina (0.2K tons)
- Thailand (0.1K tons)
Steel Stranded Wire Exports in Costa Rica
For the third consecutive year, Costa Rica recorded decline in overseas shipments of iron or steel stranded wire, ropes and cables, which decreased by -52.8% to 45 tons in 2022. In general, exports saw a sharp contraction. The smallest decline of -28.8% was in 2020.
In value terms, steel stranded wire exports declined significantly to $711K in 2022. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1.3%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Steel Stranded Wire in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,493 | 1,615 | 1,119 | 644 | -24.4% |
| Honduras | 18.9 | 0.5 | 0.1 | 35.7 | 23.6% |
| Mexico | N/A | N/A | N/A | 21.0 | 0% |
| Guatemala | 29.3 | 83.4 | 39.1 | 7.7 | -35.9% |
| Panama | 84.7 | 0.5 | 7.7 | 1.2 | -75.8% |
| Belize | 118 | 72.6 | 35.7 | N/A | -45.0% |
| Others | 29.8 | 25.2 | 40.8 | 0.7 | -71.4% |
| Total | 1,773 | 1,797 | 1,242 | 711 | -26.3% |
Top Export Markets for Steel Stranded Wire from Costa Rica in 2022:
- United States (19.4 tons)
- Honduras (12.4 tons)
- Mexico (8.9 tons)
- Guatemala (3.4 tons)
- Panama (0.9 tons)
This report provides an in-depth analysis of the steel stranded wire market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Country coverage:
- Costa Rica
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Costa Rica
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
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Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
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Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
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