Costa Rica: Iron Angle Market 2024

Iron Angle Market Size in Costa Rica

In 2022, the Costa Rican iron angle market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Iron Angle Production in Costa Rica

In value terms, iron angle production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Iron angle production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Iron Angle Exports

Exports from Costa Rica

In 2022, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were exported from Costa Rica; dropping by X% compared with 2021 figures. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron angle exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X tons), El Salvador (X tons) and Guatemala (X tons) were the main destinations of iron angle exports from Costa Rica, with a combined X% share of total exports. Honduras, Panama and the Dominican Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Nicaragua ($X), El Salvador ($X) and Guatemala ($X) were the largest markets for iron angle exported from Costa Rica worldwide, together accounting for X% of total exports. Honduras, Panama and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a measured 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, iron angle export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the Dominican Republic ($X 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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Costa Rica

In 2022, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Costa Rica dropped significantly to X tons, waning by X% against the previous year. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, iron angle imports fell dramatically to $X in 2022. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Mexico (X tons), Spain (X tons) and China (X tons) were the main suppliers of iron angle imports to Costa Rica, with a combined X% share of total imports. Nicaragua, Guatemala, South Korea, the United States and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to Costa Rica were Mexico ($X), Spain ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron angle import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a noticeable 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, iron angle import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Turkey ($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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