Costa Rica: Ceramic Tile Market 2024

Ceramic Tile Market Size in Costa Rica

The Costa Rican ceramic tile market expanded significantly to $X in 2023, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ceramic Tile Exports

Exports from Costa Rica

In 2023, ceramic tile exports from Costa Rica fell slightly to X square meters, remaining constant against the previous year. In general, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, ceramic tile exports amounted to $X in 2023. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

El Salvador (X square meters), Nicaragua (X square meters) and Panama (X square meters) were the main destinations of ceramic tile exports from Costa Rica, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ceramic tile exported from Costa Rica were Nicaragua ($X), El Salvador ($X) and Panama ($X), together accounting for X% of total exports. Guatemala and Honduras lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average ceramic tile export price amounted to $X per square meter, leveling off at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per square meter) and Nicaragua ($X per square meter), while the average price for exports to Panama ($X per square meter) and Honduras ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Costa Rica

In 2023, ceramic tile imports into Costa Rica expanded significantly to X square meters, picking up by X% on the year before. In general, total imports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ceramic tile imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Spain (X square meters), China (X square meters) and Brazil (X square meters) were the main suppliers of ceramic tile imports to Costa Rica, together comprising X% of total imports. India, Mexico, Colombia, Italy, Argentina, Peru and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of ceramic tiles to Costa Rica, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2023, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Peru ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform