Waxes; Artificial, Prepared Price in Costa Rica - 2022
Contents:
- Waxes; Artificial, Prepared Price in Costa Rica (CIF) - 2022
- Waxes; Artificial, Prepared Price in Costa Rica (FOB) - 2022
- Waxes; Artificial, Prepared Imports in Costa Rica
- Waxes; Artificial, Prepared Exports in Costa Rica
Waxes; Artificial, Prepared Price in Costa Rica (CIF) - 2022
In 2022, the average waxes; artificial, prepared import price amounted to $4,801 per ton, with an increase of 41% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared import price increased by +64.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,531 per ton), while the price for Italy ($2,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Costa Rica (FOB) - 2022
In 2022, the average waxes; artificial, prepared export price amounted to $3,004 per ton, with an increase of 5.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 71%. Over the period under review, the average export prices hit record highs at $3,846 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,310 per ton), while the average price for exports to El Salvador ($2,008 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 (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Costa Rica
For the third year in a row, Costa Rica recorded decline in purchases abroad of waxes; artificial, prepared, which decreased by -14.2% to 1.4K tons in 2022. Overall, imports saw a deep downturn. The smallest decline of -6% was in 2021.
In value terms, waxes; artificial, prepared imports skyrocketed to $6.5M in 2022. Over the period under review, imports, however, continue to indicate slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,862 | 3,139 | 3,629 | 4,429 | 4.7% |
| Mexico | 147 | 214 | 319 | 760 | 72.9% |
| Germany | 417 | 408 | 370 | 400 | -1.4% |
| Italy | 70.3 | 327 | 112 | 210 | 44.0% |
| Malaysia | 133 | 121 | 115 | 164 | 7.2% |
| Canada | 98.3 | 0.1 | 0.9 | 123 | 7.8% |
| Spain | 19.5 | 48.6 | 44.2 | 112 | 79.1% |
| China | 607 | 4.0 | 12.8 | 45.5 | -57.8% |
| Brazil | 496 | 208 | 332 | 15.4 | -68.6% |
| Others | 452 | 426 | 432 | 225 | -20.7% |
| Total | 6,303 | 4,896 | 5,367 | 6,485 | 1.0% |
Top Suppliers of Waxes; Artificial, Prepared to Costa Rica in 2022:
- United States (891.7 tons)
- Mexico (123.9 tons)
- Italy (96.1 tons)
- Germany (57.3 tons)
- Malaysia (44.4 tons)
- Canada (37.8 tons)
- Spain (36.3 tons)
- Brazil (6.5 tons)
- China (6.0 tons)
Waxes; Artificial, Prepared Exports in Costa Rica
In 2022, approx. 103 tons of waxes; artificial, prepared were exported from Costa Rica; growing by 55% against 2021 figures. Overall, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared exports skyrocketed to $308K in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Waxes; Artificial, Prepared in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 5.2 | 0.6 | 1.1 | 83.7 | 152.5% |
| Nicaragua | 134 | 67.8 | 82.7 | 53.3 | -26.5% |
| United States | N/A | N/A | 2.2 | 52.3 | 2277.3% |
| El Salvador | 38.6 | 27.9 | 30.5 | 39.1 | 0.4% |
| Honduras | 25.3 | 0.8 | 1.1 | 30.5 | 6.4% |
| Guatemala | 83.4 | 91.4 | 67.6 | 22.9 | -35.0% |
| Colombia | N/A | N/A | N/A | 13.8 | 0% |
| Others | 20.7 | 26.2 | 2.5 | 12.6 | -15.3% |
| Total | 307 | 215 | 188 | 308 | 0.1% |
Top Export Markets for Waxes; Artificial, Prepared from Costa Rica in 2022:
- Panama (32.0 tons)
- Nicaragua (25.8 tons)
- El Salvador (19.5 tons)
- Honduras (8.8 tons)
- Guatemala (4.6 tons)
- Colombia (4.1 tons)
- United States (3.0 tons)
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