Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, surging by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 36%. Over the period under review, average import prices attained the peak figure at $0.5 per square meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($0.9 per square meter), while the price for China ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($0.5 per square meter), while the average price for exports to Panama amounted to $0.4 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica

For the third year in a row, Costa Rica recorded decline in purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, which decreased by -17.5% to 17M square meters in 2022. Over the period under review, imports saw a abrupt contraction. The smallest decline of -2.9% was in 2020. Imports peaked at 24M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses fell to $7.2M in 2022. Overall, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Imports peaked at $7.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Costa Rica in 2022:

1. China (6.2M square meters)
2. Panama (3.7M square meters)
3. Guatemala (1.7M square meters)
4. Turkey (1.2M square meters)
5. United States (0.9M square meters)
6. Peru (0.8M square meters)
7. Colombia (0.7M square meters)
8. Italy (0.3M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Costa Rica

In 2022, overseas shipments of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -50.8% to 381K square meters, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of 1.2M square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses declined notably to $136K in 2022. In general, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 7.4%. As a result, the exports attained the peak of $303K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Costa Rica in 2022:

1. Panama (371.5K square meters)
2. Guatemala (9.6K square meters)

Source: IndexBox Market Intelligence Platform