Costa Rica: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Costa Rica

The Costa Rican market for nets of twine, cordage, rope or textile materials contracted significantly to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Costa Rica

In 2022, the amount of nets of twine, cordage, rope or textile materials exported from Costa Rica shrank rapidly to X tons, waning by X% compared with the previous year's figure. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, twine, cordage or textile net exports dropped markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) was the main destination for twine, cordage or textile net exports from Costa Rica, accounting for a X% share of total exports. Moreover, twine, cordage or textile net exports to Nicaragua exceeded the volume sent to the second major destination, Panama (X kg), fivefold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the United States (X% per year).

In value terms, Nicaragua ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X 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 El Salvador ($X per ton), while the average price for exports to the United States ($X 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 El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Costa Rica

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were imported into Costa Rica; shrinking by X% against the previous year. In general, imports, however, recorded a measured expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, twine, cordage or textile net imports reduced dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest twine, cordage or textile net supplier to Costa Rica, accounting for a X% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to Costa Rica, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Portugal, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Portugal (X% per year).

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Chile ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :