Costa Rica: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2024

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Costa Rica

In 2022, the Costa Rican market for medicaments of alkaloids or derivatives thereof decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Costa Rica

In value terms, production of medicaments of alkaloids or derivatives thereof declined to $X in 2022 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Costa Rica

In 2022, overseas shipments of medicaments of alkaloids or derivatives thereof increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof dropped to $X in 2022. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bahamas (X tons) was the main destination for exports of medicaments of alkaloids or derivatives thereof from Costa Rica, with a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Bahamas exceeded the volume sent to the second major destination, Venezuela (X tons), twofold.

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

In value terms, the largest markets for medicaments of alkaloids or derivatives thereof exported from Costa Rica were Bahamas ($X), Venezuela ($X) and Panama ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Bahamas, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a dramatic shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Panama ($X per ton), while the average price for exports to Bahamas ($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 Panama (X%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Costa Rica

For the third year in a row, Costa Rica recorded growth in purchases abroad of medicaments of alkaloids or derivatives thereof, which increased by X% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof rose rapidly to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Sweden (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to Costa Rica, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments of alkaloids or derivatives thereof suppliers to Costa Rica were China ($X), Switzerland ($X) and Belgium ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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