Costa Rica: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Costa Rica

In 2022, the Costa Rican wooden case and box market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated pronounced 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, consumption increased by X% against 2019 indices. Wooden case and box consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Packing Cases, Boxes And Similar Packings in Costa Rica

In value terms, wooden case and box production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible 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 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Packing Cases, Boxes And Similar Packings

Exports from Costa Rica

In 2022, exports of packing cases, boxes and similar packings from Costa Rica expanded slightly to X units, rising by X% against the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wooden case and box exports soared to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Guatemala (X units) and Panama (X units) were the main destinations of wooden case and box exports from Costa Rica, with a combined X% share of total exports. Honduras and Nicaragua lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden case and box exported from Costa Rica were the United States ($X), Guatemala ($X) and Panama ($X), together accounting for X% of total exports. Honduras and Nicaragua lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden case and box export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Panama ($X per unit), while the average price for exports to Honduras ($X per unit) and Guatemala ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Packing Cases, Boxes And Similar Packings

Imports into Costa Rica

In 2022, the amount of packing cases, boxes and similar packings imported into Costa Rica declined modestly to X units, approximately equating the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden case and box imports soared to $X in 2022. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X units), Guatemala (X units) and the United States (X units) were the main suppliers of wooden case and box imports to Costa Rica, with a combined X% share of total imports. Spain, El Salvador, Nicaragua, the Netherlands and Panama lagged somewhat behind, together comprising a further X%.

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

In value terms, Spain ($X), Brazil ($X) and the United States ($X) were the largest wooden case and box suppliers to Costa Rica, together comprising X% of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden case and box import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked in 2022 and is expected to retain 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 Spain ($X per unit), while the price for El Salvador ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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