Costa Rica: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Costa Rica

The Costa Rican market for refractory products of siliceous or diatomite earths rose to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a pronounced descent. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Costa Rica

In value terms, production of refractory products of siliceous or diatomite earths amounted to $X in 2023 estimated in export price. In general, production saw a mild shrinkage. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Costa Rica

In 2023, approx. X tons of refractory products of siliceous or diatomite earths were exported from Costa Rica; falling by X% against 2022 figures. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths reduced slightly to $X in 2023. In general, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons), Nicaragua (X tons) and El Salvador (X tons) were the main destinations of exports of refractory products of siliceous or diatomite earths from Costa Rica, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X), El Salvador ($X) and Guatemala ($X) constituted the largest markets for refractory products of siliceous or diatomite earths exported from Costa Rica worldwide, together comprising X% of total exports.

Nicaragua, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price posted a moderate increase. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 mixed trend patterns.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Costa Rica

In 2023, after two years of decline, there was significant growth in purchases abroad of refractory products of siliceous or diatomite earths, when their volume increased by X% to X tons. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths dropped to $X in 2023. Over the period under review, imports, however, recorded a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of refractory products of siliceous or diatomite earths to Costa Rica, with a X% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from Italy exceeded the figures recorded by the second-largest supplier, Panama (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (X% per year) and China (X% per year).

In value terms, the largest refractory products of siliceous or diatomite earths suppliers to Costa Rica were Italy ($X), China ($X) and Panama ($X), together comprising X% of total imports. The United States, Mexico and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform