Costa Rica: Wrapping Papers Market 2024

Wrapping Papers Market Size in Costa Rica

In 2022, the Costa Rican wrapping papers market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Wrapping papers consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wrapping Papers Production in Costa Rica

In value terms, wrapping papers production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Wrapping papers production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Wrapping Papers Exports

Exports from Costa Rica

In 2022, approx. X tons of wrapping paper, packaging paper and paperboard were exported from Costa Rica; waning by X% on the previous year. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, wrapping papers exports stood at $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for wrapping papers exports from Costa Rica, with a X% share of total exports. Moreover, wrapping papers exports to Nicaragua exceeded the volume sent to the second major destination, El Salvador (X tons), ninefold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Nicaragua ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with an X% share of total exports. It was followed by Guatemala, with a X% share.

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

Export Prices by Country

In 2022, the average wrapping papers export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Mexico ($X per ton), while the average price for exports to Nicaragua ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wrapping Papers Imports

Imports into Costa Rica

In 2022, purchases abroad of wrapping paper, packaging paper and paperboard increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wrapping papers imports soared to $X in 2022. Over the period under review, imports posted a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Spain (X tons) and Colombia (X tons) were the main suppliers of wrapping papers imports to Costa Rica, with a combined X% share of total imports. The United States, Sweden, El Salvador, Finland, Honduras, Russia, Canada 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 Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Mexico ($X) constituted the largest wrapping papers suppliers to Costa Rica, with a combined X% share of total imports. Colombia, Finland, El Salvador, Honduras, Sweden, Russia, Panama and Canada lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The average wrapping papers import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :