Costa Rica: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Costa Rica

The Costa Rican jute and jute-like fibers market reduced remarkably to $X in 2022, falling by X% against the previous year. Overall, consumption showed a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Jute And Jute-Like Fibers in Costa Rica

In value terms, jute and jute-like fibers production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of jute and jute-like fibers in Costa Rica amounted to less than X kg per ha, remaining constant against 2021. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The jute and jute-like fibers harvested area in Costa Rica totaled less than X ha in 2022, remaining stable against 2021. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Costa Rica

Jute and jute-like fibers exports from Costa Rica soared to X tons in 2022, rising by X% on the previous year's figure. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for jute and jute-like fibers exports from Costa Rica, accounting for a X% share of total exports. Moreover, jute and jute-like fibers exports to Nicaragua exceeded the volume sent to the second major destination, El Salvador (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua amounted to X%.

In value terms, the largest markets for jute and jute-like fibers exported from Costa Rica were El Salvador ($X) and Nicaragua ($X).

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average jute and jute-like fibers export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Nicaragua totaled $X per ton.

From 2012 to 2022, 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 a decline.

Imports of Jute And Jute-Like Fibers

Imports into Costa Rica

In 2022, the amount of jute and jute-like fibers imported into Costa Rica soared to X tons, growing by X% against 2021. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X kg), Panama (X kg) and India (X kg) were the main suppliers of jute and jute-like fibers imports to Costa Rica, with a combined X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of jute and jute-like fibers to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Panama ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (X% per year) and India (X% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :