Costa Rica - Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Costa Rica - Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights

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Electrical Insulator Price in Costa Rica - 2022

Contents:

  1. Electrical Insulator Price in Costa Rica (CIF) - 2022
  2. Electrical Insulator Price in Costa Rica (FOB) - 2022
  3. Electrical Insulator Imports in Costa Rica
  4. Electrical Insulator Exports in Costa Rica

Electrical Insulator Price in Costa Rica (CIF) - 2022

The average electrical insulator import price stood at $0.6 per unit in 2022, picking up by 96% against the previous year. Overall, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($13 per unit), while the price for France ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulator Price in Costa Rica (FOB) - 2022

In 2022, the average electrical insulator export price amounted to $0.6 per unit, which is down by -10.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 98% against the previous year. As a result, the export price reached the peak level of $1.4 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.9 per unit), while the average price for exports to Nicaragua ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports in Costa Rica

In 2022, the amount of electrical insulators imported into Costa Rica surged to 10M units, with an increase of 23% against 2021. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator imports skyrocketed to $5.9M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulator in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
JapanN/AN/AN/A3,3610%
United States8511,0811,4411,0527.3%
Poland26235924842717.7%
China364172336278-8.6%
Colombia2221393032575.0%
Panama2.6N/AN/A162296.4%
Taiwan (Chinese)N/AN/AN/A96.00%
FranceN/AN/A0.211.85800.0%
Others55.645.292.820554.5%
Total1,7561,7962,4205,85149.4%

Top Suppliers of Electrical Insulator to Costa Rica in 2022:

  1. Poland (2.9M units)
  2. United States (2.1M units)
  3. China (1.6M units)
  4. Colombia (1.1M units)
  5. Panama (1.1M units)
  6. Taiwan (Chinese) (0.4M units)
  7. Japan (0.3M units)
  8. France (0.2M units)

Electrical Insulator Exports in Costa Rica

Electrical insulator exports from Costa Rica fell remarkably to 24K units in 2022, declining by -53.8% on the previous year's figure. Overall, exports faced a significant curtailment. The smallest decline of -26% was in 2020. Over the period under review, the exports reached the peak figure at 125K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulator exports fell markedly to $15K in 2022. In general, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7%. The exports peaked at $46K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Electrical Insulator in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8.38.518.78.50.8%
El SalvadorN/AN/A0.23.21500.0%
HondurasN/AN/A12.31.6-87.0%
Nicaragua37.2N/AN/A0.9-71.1%
CanadaN/AN/A0.10.8700.0%
PanamaN/AN/AN/A0.10%
Dominican RepublicN/A21.1N/AN/A0%
JapanN/AN/A4.5N/A0%
GuatemalaN/A4.20.3N/A-92.9%
Others0.10.10.2N/A41.4%
Total45.633.936.315.0-31.0%

Top Export Markets for Electrical Insulator from Costa Rica in 2022:

  1. United States (9.3K units)
  2. Nicaragua (6.2K units)
  3. El Salvador (4.1K units)
  4. Honduras (2.6K units)
  5. Canada (1.7K units)
  6. Panama (0.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulator 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 27901230 - Electrical insulators (excluding of glass or ceramics)
  • Prodcom 23431030 - Electrical insulators of ceramics (excluding insulating fittings)
  • Prodcom 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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