Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica - 2022

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $5,986 per ton in 2022, rising by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2021 when the average import price increased by 23%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 the United States ($7,985 per ton), while the price for China ($2,463 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 (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica (FOB) - 2022

In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,130 per ton, declining by -15.9% against the previous year. Over the period under review, the export price, however, enjoyed notable growth. The growth pace was the most rapid in 2018 when the average export price increased by 100%. As a result, the export price reached the peak level of $11,436 per ton. From 2019 to 2022, the average export prices remained at a 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 the United States ($13,000 per ton), while the average price for exports to Panama ($3,460 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 Honduras (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica

Imports of stainless steel; flat-rolled products of width less than 600mms into Costa Rica dropped rapidly to 114 tons in 2022, reducing by -28.9% compared with 2021 figures. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of 160 tons, and then dropped sharply in the following year.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms contracted sharply to $680K in 2022. Overall, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.0% 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 +27.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports reached the peak of $867K, and then declined dramatically in the following year.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Costa Rica in 2022:

1. China (41.4 tons)
2. United States (41.3 tons)
3. India (28.9 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Costa Rica

In 2022, exports of stainless steel; flat-rolled products of width less than 600mms from Costa Rica soared to 56 tons, increasing by 39% against 2021 figures. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 707% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms soared to $288K in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 406%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Costa Rica in 2022:

1. Nicaragua (35.1 tons)
2. Panama (19.0 tons)
3. Honduras (1.2 tons)

Source: IndexBox Market Intelligence Platform