Report Update: Jul 1, 2024

Costa Rica - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Industrial Monocarboxylic Fatty Acids in Costa Rica - 2022

Price for Industrial Monocarboxylic Fatty Acids in Costa Rica (CIF) - 2022

The average industrial monocarboxylic fatty acids import price stood at $1,504 per ton in 2022, growing by 64% against the previous year. Overall, the import price showed resilient growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,289 per ton), while the price for Guatemala ($1,027 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Industrial Monocarboxylic Fatty Acids in Costa Rica (FOB) - 2022

In 2022, the average industrial monocarboxylic fatty acids export price amounted to $1,376 per ton, picking up by 29% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial monocarboxylic fatty acids export price increased by +128.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($4,005 per ton), while the average price for exports to Honduras ($550 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids in Costa Rica

Industrial monocarboxylic fatty acids imports into Costa Rica fell remarkably to 2.3K tons in 2022, with a decrease of -37.2% compared with 2021. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 3.6K tons, and then reduced remarkably in the following year.

In value terms, industrial monocarboxylic fatty acids imports reached $3.4M in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 116% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Industrial Monocarboxylic Fatty Acids in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	718	661	2,370	2,142	44.0%
Mexico	10.3	33.4	9.6	579	283.1%
Nicaragua	385	231	349	327	-5.3%
United States	237	34.4	381	172	-10.1%
Guatemala	8.0	3.3	167	129	152.6%
Panama	46.8	3.3	N/A	N/A	-92.9%
Others	510	564	36.2	55.4	-52.3%
Total	1,915	1,531	3,313	3,405	21.1%

Top Suppliers of Industrial Monocarboxylic Fatty Acids to Costa Rica in 2022:

Argentina (1515.8 tons)
Nicaragua (301.6 tons)
Mexico (269.7 tons)
Guatemala (125.4 tons)
United States (40.2 tons)

Exports of Industrial Monocarboxylic Fatty Acids in Costa Rica

In 2022, the amount of industrial monocarboxylic fatty acids exported from Costa Rica declined markedly to 959 tons, which is down by -50% on 2021 figures. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 144%. As a result, the exports attained the peak of 1.9K tons, and then fell dramatically in the following year.

In value terms, industrial monocarboxylic fatty acids exports fell markedly to $1.3M in 2022. Over the period under review, exports, however, saw a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of 147% against the previous year. As a result, the exports reached the peak of $2M, and then declined remarkably in the following year.

Export of Industrial Monocarboxylic Fatty Acids in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	N/A	143	975	716	123.8%
China	97.4	126	136	178	22.3%
Belize	91.9	367	273	170	22.8%
Nicaragua	N/A	36.3	N/A	115	78.0%
Guatemala	65.2	35.0	N/A	85.6	9.5%
Honduras	32.6	67.4	121	55.0	19.0%
Peru	N/A	N/A	407	N/A	0%
United States	316	54.4	119	N/A	-38.6%
Netherlands	675	N/A	N/A	N/A	0%
Others	1.0	N/A	18.0	N/A	324.3%
Total	1,279	829	2,050	1,320	1.1%

Top Export Markets for Industrial Monocarboxylic Fatty Acids from Costa Rica in 2022:

Panama (513.1 tons)
Nicaragua (192.8 tons)
Honduras (100.0 tons)
China (88.8 tons)
Belize (42.8 tons)
Guatemala (21.4 tons)

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023