Price for Safety Pins and Other Pins; of Iron or Steel in Costa Rica - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Costa Rica (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Costa Rica (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Costa Rica
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Costa Rica

Price for Safety Pins and Other Pins; of Iron or Steel in Costa Rica (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $6,287 per ton in 2022, with an increase of 14% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for safety pins and other pins; of iron or steels increased by +63.8% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 52%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 ($9,867 per ton), while the price for Panama ($2,005 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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Costa Rica (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $4,333 per ton in 2022, reducing by -70.3% against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 394% against the previous year. The export price peaked at $22,860 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($20,000 per ton), while the average price for exports to El Salvador ($1,000 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 Guatemala (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Costa Rica

In 2022, supplies from abroad of safety pins and other pins; of iron or steels decreased by -22.4% to 5.4 tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of 9.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of safety pins and other pins; of iron or steels declined to $34K in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, imports reached the peak of $43K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Costa Rica in 2022:

1. China (3688.0 kg)
2. United States (1102.0 kg)
3. Mexico (195.0 kg)
4. Panama (192.0 kg)
5. Singapore (1.0 kg)

Exports of Safety Pins and Other Pins; of Iron or Steel in Costa Rica

In 2022, exports of safety pins and other pins; of iron or steels from Costa Rica declined dramatically to 6 kg, falling by -64.7% against the previous year's figure. In general, exports continue to indicate a dramatic setback. The smallest decline of -54.1% was in 2021.

In value terms, exports of safety pins and other pins; of iron or steels declined notably to $26 in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -69.1% was in 2020.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Costa Rica in 2022:

1. Brazil (1.0 kg)
2. Netherlands (1.0 kg)
3. El Salvador (1.0 kg)
4. United States (1.0 kg)
5. Guatemala (1.0 kg)
6. Nicaragua (1.0 kg)

Source: IndexBox Market Intelligence Platform