Costa Rica: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Costa Rica

The Costa Rican concrete reinforcing bar market reduced to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a slight decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Concrete Reinforcing Bar Production in Costa Rica

In value terms, concrete reinforcing bar production totaled $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports from Costa Rica

For the fourth year in a row, Costa Rica recorded growth in overseas shipments of concrete reinforcing bars, which increased by X% to X tons in 2022. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, concrete reinforcing bar exports surged to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Dominican Republic (X tons) was the main destination for concrete reinforcing bar exports from Costa Rica, with a X% share of total exports. Moreover, concrete reinforcing bar exports to the Dominican Republic exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold. The third position in this ranking was taken by Honduras (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Honduras (X% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for concrete reinforcing bars exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Nicaragua ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated slight growth 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, concrete reinforcing bar export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Nicaragua ($X per ton), while the average price for exports to Panama ($X per ton) and Honduras ($X per ton) were amongst the lowest.

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

Concrete Reinforcing Bar Imports

Imports into Costa Rica

In 2022, the amount of concrete reinforcing bars imported into Costa Rica fell remarkably to X tons, reducing by X% compared with the year before. Over the period under review, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports contracted notably to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nicaragua (X tons) constituted the largest supplier of concrete reinforcing bar to Costa Rica, accounting for a X% share of total imports. Moreover, concrete reinforcing bar imports from Nicaragua exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), twofold. The third position in this ranking was taken by Guatemala (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Nicaragua totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Guatemala (X% per year).

In value terms, Nicaragua ($X) constituted the largest supplier of concrete reinforcing bars to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Nicaragua amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Guatemala (X% per year).

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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