Price for Iron or Steel; Cast Articles in Costa Rica - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Costa Rica (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Costa Rica (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Costa Rica
4. Exports of Iron or Steel; Cast Articles in Costa Rica

Price for Iron or Steel; Cast Articles in Costa Rica (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $3,005 per ton, waning by -6% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 68% against the previous year. The import price peaked at $4,057 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($16,690 per ton), while the price for China ($1,212 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Costa Rica (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $3,499 per ton, picking up by 7.1% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +104.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, the average export prices reached the peak figure at $3,785 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,342 per ton), while the average price for exports to Nicaragua ($2,564 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 the United States (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Costa Rica

In 2022, overseas purchases of iron or steel; cast articleses increased by 104% to 1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports surged to $3.1M in 2022. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel; Cast Articles to Costa Rica in 2022:

1. China (475.1 tons)
2. Colombia (173.7 tons)
3. Spain (147.7 tons)
4. United States (128.8 tons)
5. Egypt (63.1 tons)
6. France (11.0 tons)

Exports of Iron or Steel; Cast Articles in Costa Rica

In 2022, approx. 364 tons of iron or steel; cast articleses were exported from Costa Rica; waning by -7.6% compared with 2021. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of 395 tons, and then shrank in the following year.

In value terms, iron or steel; cast articles exports shrank to $1.3M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of $1.3M, and then dropped in the following year.

Top Export Markets for Iron or Steel; Cast Articles from Costa Rica in 2022:

1. Guatemala (332.7 tons)
2. Nicaragua (18.8 tons)
3. Honduras (2.8 tons)

Source: IndexBox Market Intelligence Platform