Report Update: Apr 1, 2024

Costa Rica - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

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Concrete Reinforcing Bar Price in Costa Rica - 2022

Concrete Reinforcing Bar Price in Costa Rica (FOB) - 2022

The average concrete reinforcing bar export price stood at $908 per ton in 2022, increasing by 17% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +55.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($963 per ton) and Nicaragua ($961 per ton), while the average price for exports to Panama ($876 per ton) and Honduras ($879 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Price in Costa Rica (CIF) - 2022

In 2022, the average concrete reinforcing bar import price amounted to $1,174 per ton, growing by 43% against the previous year. Over the period under review, the import price saw a perceptible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico ($11,872 per ton), while the price for Turkey ($969 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Concrete Reinforcing Bar Exports in Costa Rica

Concrete reinforcing bar exports from Costa Rica reached 137K tons in 2022, picking up by 9.3% on the previous year. The total export volume increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, concrete reinforcing bar exports skyrocketed to $125M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Export of Concrete Reinforcing Bar in Costa Rica (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	10.0	24.2	30.0	60.0	81.7%
Nicaragua	15.8	23.3	30.4	25.7	17.6%
Honduras	1.1	1.7	7.5	19.0	158.5%
Guatemala	0.5	N/A	5.7	12.2	190.0%
El Salvador	6.3	4.5	6.1	5.5	-4.4%
Panama	0.3	0.1	6.0	1.9	85.0%
United States	26.3	8.6	4.5	0.2	-80.3%
Luxembourg	N/A	N/A	6.7	N/A	0%
Others	N/A	2.6	0.5	0.3	-66.0%
Total	60.2	64.9	97.5	125	27.6%

Top Export Markets for Concrete Reinforcing Bar from Costa Rica in 2022:

Dominican Republic (66.4K tons)
Nicaragua (26.7K tons)
Honduras (21.6K tons)
Guatemala (13.8K tons)
El Salvador (5.7K tons)
Panama (2.2K tons)
United States (0.2K tons)

Concrete Reinforcing Bar Imports in Costa Rica

In 2022, approx. 3.1K tons of concrete reinforcing bars were imported into Costa Rica; waning by -80% compared with the previous year's figure. Over the period under review, imports saw a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 641% against the previous year. As a result, imports attained the peak of 16K tons, and then reduced notably in the following year.

In value terms, concrete reinforcing bar imports shrank sharply to $3.7M in 2022. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 732%. As a result, imports attained the peak of $13M, and then reduced markedly in the following year.

Import of Concrete Reinforcing Bar in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nicaragua	1,448	614	8,157	2,182	14.6%
Dominican Republic	146	426	3,182	830	78.5%
Guatemala	591	296	124	188	-31.7%
United States	147	52.6	788	185	8.0%
Turkey	2,015	45.9	N/A	145	-58.4%
China	354	12.0	281	58.0	-45.3%
Others	151	98.4	328	88.4	-16.3%
Total	4,852	1,545	12,859	3,676	-8.8%

Top Suppliers of Concrete Reinforcing Bar to Costa Rica in 2022:

Nicaragua (1817.2 tons)
Dominican Republic (839.0 tons)
Guatemala (155.2 tons)
Turkey (149.7 tons)
United States (99.6 tons)
China (36.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete reinforcing bar market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023