Costa Rica: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Costa Rica

The Costa Rican saturated acyclic monocarboxylic acids market rose notably to $X in 2023, surging by X% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Costa Rica

In value terms, saturated acyclic monocarboxylic acids production reached $X in 2023 estimated in export price. Overall, production posted a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Costa Rica

In 2023, shipments abroad of saturated acyclic monocarboxylic acids was finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. Overall, exports continue to indicate modest growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports stood at $X in 2023. Over the period under review, total exports indicated pronounced growth from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Costa Rica, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Panama exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was held by Nicaragua (X tons), with a X% share.

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

In value terms, Panama ($X), Honduras ($X) and Nicaragua ($X) were the largest markets for saturated acyclic monocarboxylic acids exported from Costa Rica worldwide, together comprising X% of total exports. Peru, Guatemala, Ecuador and El Salvador lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to 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 saturated acyclic monocarboxylic acids export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, export price indicated a noticeable increase 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, saturated acyclic monocarboxylic acids export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Nicaragua ($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 more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Costa Rica

After two years of decline, purchases abroad of saturated acyclic monocarboxylic acids increased by X% to X tons in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids imports reached $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021; afterwards, it flattened through to 2023.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Costa Rica, together accounting for X% of total imports. The Netherlands, the UK, Belgium, Russia, Brazil, Colombia, Turkey, Mexico, India and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest saturated acyclic monocarboxylic acids suppliers to Costa Rica, with a combined X% share of total imports. South Korea, Belgium, the UK, Russia, Colombia, Mexico, Germany, Brazil, India and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, 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 more modest paces of growth.

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2023, falling by X% against the previous year. In general, import price indicated a tangible increase 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, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform