Costa Rica: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Costa Rica

The Costa Rican aluminium and titanium market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, recorded a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Aluminium And Titanium Production in Costa Rica

In value terms, aluminium and titanium production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Aluminium And Titanium Exports

Exports from Costa Rica

In 2022, aluminium and titanium exports from Costa Rica surged to X tons, picking up by X% against the previous year's figure. In general, exports saw measured growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, aluminium and titanium exports soared to $X in 2022. Overall, exports posted pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for aluminium and titanium exports from Costa Rica, with a X% share of total exports. Moreover, aluminium and titanium exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%.

In value terms, Spain ($X) remains the key foreign market for aluminium and titanium exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%.

Export Prices by Country

In 2022, the average aluminium and titanium export price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Aluminium And Titanium Imports

Imports into Costa Rica

In 2022, purchases abroad of aluminium and titanium increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, aluminium and titanium imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest aluminium and titanium supplier to Costa Rica, with a X% share of total imports. Moreover, aluminium and titanium imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Brazil (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of aluminium and titanium to Costa Rica, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average aluminium and titanium import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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