Costa Rica - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 2, 2024

Costa Rica - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Amino Resin Price in Costa Rica - 2022

Contents:

  1. Amino Resin Price in Costa Rica (CIF) - 2022
  2. Amino Resin Price in Costa Rica (FOB) - 2022
  3. Amino Resin Imports in Costa Rica
  4. Amino Resin Exports in Costa Rica

Amino Resin Price in Costa Rica (CIF) - 2022

The average amino resin import price stood at $2,973 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2020 when the average import price increased by 3.2% against the previous year. The import price peaked at $3,508 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,851 per ton), while the price for Italy ($951 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Amino Resin Price in Costa Rica (FOB) - 2022

The average amino resin export price stood at $3,167 per ton in 2022, jumping by 49% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($7,930 per ton), while the average price for exports to Nicaragua ($2,089 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 Canada (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports in Costa Rica

For the fourth year in a row, Costa Rica recorded growth in overseas purchases of amino resins, which increased by 11% to 3.2K tons in 2022. The total import volume increased at an average annual rate of +10.9% 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 13% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, amino resin imports rose markedly to $9.6M in 2022. The total import value increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Amino Resin in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4,7734,8246,352569-50.8%
FranceN/A712237214-45.2%
Panama17.529.918080.066.0%
Italy9.14.92.754.381.4%
Mexico65.533.842.724.6-27.9%
China52.193.426813.4-36.4%
Colombia8549981,2771.9-86.9%
Norway57.567.59.9N/A-58.5%
Others8831,0371978,667114.1%
Total6,7127,8008,5689,62412.8%

Top Suppliers of Amino Resin to Costa Rica in 2022:

  1. United States (97.3 tons)
  2. Italy (57.2 tons)
  3. Panama (46.5 tons)
  4. France (42.8 tons)
  5. Mexico (5.3 tons)
  6. China (4.3 tons)
  7. Colombia (1.3 tons)

Amino Resin Exports in Costa Rica

In 2022, the amount of amino resins exported from Costa Rica shrank modestly to 47 tons, waning by -4.6% on the previous year. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 233%. As a result, the exports reached the peak of 49 tons, and then declined slightly in the following year.

In value terms, amino resin exports surged to $149K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 160%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Amino Resin in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/AN/AN/A89.80%
MexicoN/AN/AN/A23.90%
Nicaragua6.73.215.813.626.6%
El Salvador0.5N/AN/A6.0128.9%
Guatemala18.42.16.0N/A-42.9%
United States17.622.743.9N/A57.9%
Panama0.6N/A5.0N/A188.7%
Honduras5.41.63.0N/A-25.5%
Jamaica14.610.729.1N/A41.2%
OthersN/AN/A1.815.6766.7%
Total63.940.310514932.6%

Top Export Markets for Amino Resin from Costa Rica in 2022:

  1. United States (undefined tons)
  2. Canada (25.6 tons)
  3. Mexico (8.0 tons)
  4. Nicaragua (6.5 tons)
  5. El Salvador (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin market 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 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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