Costa Rica: Plaster Article Market 2024

Plaster Article Market Size in Costa Rica

The Costa Rican plaster article market reduced to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Plaster Article Exports

Exports from Costa Rica

In 2022, shipments abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X square meters after two years of decline. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the maximum at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, plaster article exports skyrocketed to $X in 2022. Overall, exports saw a mild increase. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X square meters), Nicaragua (X square meters) and Jamaica (X square meters) were the main destinations of plaster article exports from Costa Rica, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from Costa Rica were the United States ($X), Nicaragua ($X) and Jamaica ($X), together comprising X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of 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 plaster article export price stood at $X per square meter in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per square meter), while the average price for exports to El Salvador ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Costa Rica

In 2022, the amount of articles of plaster or of compositions based on plaster imported into Costa Rica fell slightly to X square meters, which is down by X% on 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster article imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Mexico (X square meters) constituted the largest plaster article supplier to Costa Rica, with a X% share of total imports. Moreover, plaster article imports from Mexico exceeded the figures recorded by the second-largest supplier, Honduras (X square meters), sixfold. The third position in this ranking was held by the United States (X square meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (X% per year) and the United States (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of articles of plaster or of compositions based on plaster to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Honduras, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Honduras (X% per year).

Import Prices by Country

In 2022, the average plaster article import price amounted to $X per square meter, shrinking by X% against the previous year. Overall, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then shrank in the following year.

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 ($X per square meter), while the price for Colombia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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