Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $4,753 per ton in 2022, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. 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 Colombia ($8,901 per ton), while the price for Nicaragua ($1,482 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $7,834 per ton, rising by 29% against the previous year. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 90% against the previous year. As a result, the export price attained the peak level of $9,048 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($8,013 per ton), while the average price for exports to Nicaragua totaled $3,059 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+8.4%), while the prices for the other major destinations experienced a decline.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into Costa Rica rose markedly to 282 tons, surging by 12% against the previous year's figure. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $1.3M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Costa Rica in 2022:

1. Guatemala (128.8 tons)
2. Honduras (115.5 tons)
3. Mexico (11.6 tons)
4. Nicaragua (11.3 tons)
5. Colombia (6.9 tons)
6. China (4.5 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Costa Rica

In 2022, exports of footwear; parts, outer soles and heels, of rubber or plasticses from Costa Rica soared to 471 kg, rising by 87% on the previous year's figure. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $3.7K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Costa Rica in 2022:

1. Panama (454.0 kg)
2. Nicaragua (17.0 kg)

Source: IndexBox Market Intelligence Platform