Costa Rica: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Costa Rica

The Costa Rican compound plasticisers market dropped dramatically to $X in 2023, waning 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). Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Compound Plasticisers Exports

Exports from Costa Rica

In 2023, overseas shipments of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, compound plasticisers exports declined modestly to $X in 2023. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for compound plasticisers exports from Costa Rica, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Colombia exceeded the volume sent to the second major destination, Mexico (X tons), sevenfold.

From 2012 to 2023, the average annual growth rate of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the United States (X% per year).

In value terms, the largest markets for compound plasticisers exported from Costa Rica were Colombia ($X), Mexico ($X) and the United States ($X), with a combined X% share of total exports.

Mexico, 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 mixed trend patterns.

Export Prices by Country

In 2023, the average compound plasticisers export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports

Imports into Costa Rica

In 2023, the amount of compound plasticisers for rubber or plastics imported into Costa Rica reduced notably to X tons, dropping by X% against 2022 figures. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, compound plasticisers imports declined markedly to $X in 2023. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of compound plasticisers imports to Costa Rica, together accounting for X% of total imports. China, Italy, Germany and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Colombia (X% per year).

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 a decline.

Source: IndexBox Platform