Price for Double or Complex Silicates in Costa Rica - 2022

Contents:

1. Price for Double or Complex Silicates in Costa Rica (CIF) - 2022
2. Price for Double or Complex Silicates in Costa Rica (FOB) - 2022
3. Imports of Double or Complex Silicates in Costa Rica
4. Exports of Double or Complex Silicates in Costa Rica

Price for Double or Complex Silicates in Costa Rica (CIF) - 2022

The average double or complex silicates import price stood at $2,031 per ton in 2022, increasing by 73% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 82% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Malaysia ($6,613 per ton), while the price for the United States amounted to $1,380 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%).

Price for Double or Complex Silicates in Costa Rica (FOB) - 2022

The average double or complex silicates export price stood at $173 per ton in 2022, shrinking by -16.6% against the previous year. In general, the export price faced a deep setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. The export price peaked at $766 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to -5.2% per year.

Imports of Double or Complex Silicates in Costa Rica

Double or complex silicates imports into Costa Rica dropped significantly to 241 tons in 2022, with a decrease of -43.8% against 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 585%. As a result, imports attained the peak of 429 tons, and then contracted notably in the following year.

In value terms, double or complex silicates imports shrank slightly to $489K in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 525% against the previous year. As a result, imports reached the peak of $504K, and then fell slightly in the following year.

Top Suppliers of Double or Complex Silicates to Costa Rica in 2022:

1. United States (212.7 tons)
2. Malaysia (20.3 tons)

Exports of Double or Complex Silicates in Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in shipments abroad of double or complex silicates, which increased by 26% to 51 tons in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, double or complex silicates exports rose sharply to $8.9K in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Double or Complex Silicates from Costa Rica in 2022:

1. Nicaragua (51.4 tons)

Source: IndexBox Market Intelligence Platform