Costa Rica: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Costa Rica

After two years of decline, the Costa Rican nitric and sulphonitric acids market increased by X% to $X in 2022. Overall, consumption continues to indicate significant growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Nitric Acid And Sulphonitric Acids in Costa Rica

In value terms, nitric and sulphonitric acids production stood at $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth was the most pronounced in 2021 with a decrease of X% against the previous year. Nitric and sulphonitric acids production peaked in 2022 and is likely to continue growth in years to come.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Costa Rica

In 2022, the amount of nitric acid and sulphonitric acids exported from Costa Rica contracted significantly to X kg, with a decrease of X% on 2021. Overall, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitric and sulphonitric acids exports fell markedly to $X in 2022. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for nitric and sulphonitric acids exports from Costa Rica, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for nitric acid and sulphonitric acids exports from Costa Rica.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average nitric and sulphonitric acids export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to X% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Costa Rica

In 2022, the amount of nitric acid and sulphonitric acids imported into Costa Rica soared to X tons, jumping by X% against the previous year. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, nitric and sulphonitric acids imports surged to $X in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest nitric and sulphonitric acids supplier to Costa Rica, accounting for a X% share of total imports. Moreover, nitric and sulphonitric acids imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold.

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

In value terms, the Netherlands ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average nitric and sulphonitric acids import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a buoyant 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, nitric and sulphonitric acids import price increased by X% against 2017 indices. As a result, import price attained 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 the Netherlands ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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