Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,426 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2013 an increase of 32%. The import price peaked at $5,506 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($39,545 per ton), while the price for Guatemala ($2,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,246 per ton, reducing by -32.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 145% against the previous year. The export price peaked at $8,113 per ton in 2015; however, from 2016 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 ($8,138 per ton), while the average price for exports to Guatemala ($754 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 El Salvador (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Costa Rica soared to 181 tons, picking up by 141% compared with the previous year's figure. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $980K in 2022. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 141 | 17.8 | 429 | 39.2% |
| France | 68.2 | 166 | 150 | 288 | 61.6% |
| China | 210 | 266 | 192 | 169 | -7.0% |
| Guatemala | 28.7 | 5.0 | 31.3 | 55.5 | 24.6% |
| Spain | 23.3 | 10.4 | N/A | N/A | -55.4% |
| Ireland | 95.7 | 6.7 | N/A | N/A | -93.0% |
| Others | 62.7 | 82.5 | 22.2 | 39.3 | -14.4% |
| Total | 648 | 679 | 413 | 980 | 14.8% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Costa Rica in 2022:
- United States (71.3 tons)
- France (49.3 tons)
- China (30.4 tons)
- Guatemala (24.3 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica
After two years of decline, shipments abroad of lac; natural gums, resins, gum-resins and balsamses increased by 442% to 27 tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $113K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 13.1 | 4.9 | 26.5 | 42.5 | 48.0% |
| Dominican Republic | N/A | 4.8 | N/A | 25.2 | 129.1% |
| Nicaragua | 6.7 | 1.6 | 3.9 | 22.1 | 48.9% |
| United States | N/A | 0.1 | N/A | 8.3 | 811.0% |
| Guatemala | 12.0 | 12.1 | N/A | 5.4 | -23.4% |
| Curacao | 0.7 | 0.6 | 0.5 | 1.4 | 26.0% |
| Honduras | 8.9 | 0.5 | N/A | N/A | -94.4% |
| Others | N/A | 0.9 | N/A | 7.9 | 196.3% |
| Total | 41.4 | 25.4 | 31.0 | 113 | 39.8% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Costa Rica in 2022:
- Guatemala (7.1 tons)
- Nicaragua (7.1 tons)
- Panama (5.2 tons)
- Dominican Republic (4.5 tons)
- United States (1.5 tons)
- Curacao (0.4 tons)
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