Costa Rica: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Costa Rica

In 2022, the Costa Rican stainless steel angle market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Stainless Steel Angle Production in Costa Rica

In value terms, stainless steel angle production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Stainless Steel Angle Exports

Exports from Costa Rica

In 2022, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, stainless steel angle exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Panama (X tons), Cayman Islands (X tons) and the United States (X tons) were the main destinations of stainless steel angle exports from Costa Rica, together comprising X% of total exports. Aruba, Jamaica, Curacao, Nicaragua and Barbados lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Curacao (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Cayman Islands ($X) and Aruba ($X) appeared to be the largest markets for stainless steel angle exported from Costa Rica worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Stainless Steel Angle Imports

Imports into Costa Rica

After two years of growth, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, stainless steel angle imports contracted to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of stainless steel angle to Costa Rica, accounting for a X% share of total imports. Moreover, stainless steel angle imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%.

In value terms, Turkey ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Costa Rica, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%.

Import Prices by Country

In 2022, the average stainless steel angle import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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