Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica - 2022

Contents:

  1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (CIF) - 2022
  2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (FOB) - 2022
  3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica
  4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $5,274 per ton, jumping by 120% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The import price peaked at $7,738 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($9,643 per ton), while the price for China ($1,297 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-3.4%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $14,813 per ton, growing by 47% against the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2019 when the average export price increased by 142%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($14,905 per ton), while the average price for exports to Guatemala totaled $10,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+1.8%).

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica

For the third year in a row, Costa Rica recorded decline in supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -75.7% to 1.2 tons in 2022. Over the period under review, imports saw a dramatic shrinkage. The smallest decline of -36% was in 2020.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings contracted significantly to $6.5K in 2022. Overall, imports recorded a dramatic decrease. The smallest decline of -31.8% was in 2021.

Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/AN/A4.60%
United States31.513.68.50.7-71.9%
Mexico0.30.20.20.518.6%
Panama1.31.40.10.3-38.7%
Italy3.81.81.30.1-70.3%
China0.20.61.10.1-20.6%
Others0.2N/A1.0N/A123.6%
Total37.317.712.16.5-44.1%

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Costa Rica in 2022:

  1. Spain (598.0 kg)
  2. United States (314.0 kg)
  3. China (111.0 kg)
  4. Mexico (109.0 kg)
  5. Panama (78.0 kg)
  6. Italy (14.0 kg)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 14% to 107 kg in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $1.6K in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
IrelandN/AN/AN/A1,5650%
Guatemala57073695020.0-67.3%
OthersN/AN/AN/AN/A0%
Total5707369501,58540.6%

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Costa Rica in 2022:

  1. Ireland (105.0 kg)
  2. Guatemala (2.0 kg)

Source: IndexBox Market Intelligence Platform

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