Metals; Palladium, Semi-Manufactured Price in Costa Rica - 2022

Metals; Palladium, Semi-Manufactured Price in Costa Rica (CIF) - 2022

In 2022, the average metals; palladium, semi-manufactured import price amounted to $2,246,856 per ton, falling by -46.5% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 83% against the previous year. The import price peaked at $8,497,661 per ton in 2015; however, from 2016 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 France ($2,629,372 per ton), while the price for Switzerland ($157,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Metals; Palladium, Semi-Manufactured Price in Costa Rica (FOB) - 2022

In 2022, the average metals; palladium, semi-manufactured export price amounted to $15,401,643 per ton, growing by 6.7% against the previous year. Overall, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 174%. The export price peaked at $15,404,000 per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($16,873,583 per ton), while the average price for exports to Japan amounted to $6,570,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+59.7%).

Metals; Palladium, Semi-Manufactured Imports in Costa Rica

In 2022, the amount of metals; palladium, semi-manufactureds imported into Costa Rica declined modestly to 792 kg, approximately equating the year before. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of 804 kg, and then shrank modestly in the following year.

In value terms, metals; palladium, semi-manufactured imports plummeted to $1.8M in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 114%. As a result, imports reached the peak of $3.4M, and then fell markedly in the following year.

Import of Metals; Palladium, Semi-Manufactured in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	521	1,435	3,215	983	23.6%
United States	651	52.6	154	793	6.8%
China	6.0	72.5	N/A	N/A	1108.3%
Sweden	78.2	N/A	N/A	N/A	0%
Others	45.6	15.9	9.3	3.1	-59.2%
Total	1,302	1,576	3,379	1,780	11.0%

Top Suppliers of Metals; Palladium, Semi-Manufactured to Costa Rica in 2022:

United States (414.0 kg)
France (374.0 kg)

Metals; Palladium, Semi-Manufactured Exports in Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in shipments abroad of metals; palladium, semi-manufactureds, which increased by 75% to 14 kg in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 700% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, metals; palladium, semi-manufactured exports surged to $216K in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 650%. The exports peaked in 2022 and are expected to retain growth in years to come.