Costa Rica: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Costa Rica

The Costa Rican market for palmitic acid, stearic acid, their salts and esters dropped remarkably to $X in 2023, which is down 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 recorded a deep setback. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Costa Rica

Exports of palmitic acid, stearic acid, their salts and esters from Costa Rica surged to X tons in 2023, growing by X% compared with 2022 figures. Overall, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2023. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Costa Rica, with a X% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Panama exceeded the volume sent to the second major destination, Honduras (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Guatemala (X% per year).

In value terms, Panama ($X), Honduras ($X) and Guatemala ($X) appeared to be the largest markets for palmitic acid, stearic acid, their salts and esters exported from Costa Rica worldwide.

Panama, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for palmitic acid, stearic acid, their salts and esters increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then contracted markedly in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Panama ($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 Guatemala (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Costa Rica

In 2023, imports of palmitic acid, stearic acid, their salts and esters into Costa Rica declined to X tons, with a decrease of X% against the previous year's figure. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters dropped to $X in 2023. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Canada (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Costa Rica, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Costa Rica were Canada ($X), the United States ($X) and Malaysia ($X), together accounting for X% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 more modest paces of growth.

Source: IndexBox Platform