Costa Rica. The Foreign Trade Promoter (Procomer) indicated that between 2009 and 2013, the number of exports of paints and varnishes produced in the Central American nation has grown by 61%.
A report by El Financiero highlights the interest of several Costa Rican companies in concentrating their business on exports. Currently there are ten companies producing and exporting paint from Costa Rica, which had generated figures of US $ 43.9 million in foreign exchange for export.
The two main recipients of shipments are Panama, which receives 35% of shipments, and Nicaragua, which receives 19%. Panama is the nation that has grown the most in recent times since between 2009 and 2013 the growth has been 86%.
According to El Financiero, the Costa Rican market is dominated by four competitors: Pintuco – owners of Kativo and producers of Protecto, Glidden and Vastalux – Grupo Sur – Sur and Koral – Comex and Lanco, which has forced other national companies to negotiate in neighboring countries, in the region or even in South America.
