Motorcycle Tire Price in Costa Rica - 2022
Contents:
- Motorcycle Tire Price in Costa Rica (CIF) - 2022
- Motorcycle Tire Price in Costa Rica (FOB) - 2022
- Motorcycle Tire Imports in Costa Rica
- Motorcycle Tire Exports in Costa Rica
Motorcycle Tire Price in Costa Rica (CIF) - 2022
The average motorcycle tire import price stood at $38 per unit in 2022, with an increase of 9.4% against the previous year. In general, the import price posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 82%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($42 per unit), while the price for Thailand ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Costa Rica (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $39 per unit, almost unchanged from the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the maximum at $42 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +2.2% per year.
Motorcycle Tire Imports in Costa Rica
In 2022, supplies from abroad of new pneumatic tyres for motorcycles decreased by -6.7% to 166K units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of 184K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, motorcycle tire imports expanded modestly to $6.3M in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,860 | 2,460 | 2,786 | 3,294 | 4.8% |
| Japan | 411 | 473 | 895 | 792 | 24.4% |
| Vietnam | N/A | 535 | 596 | 665 | 11.5% |
| Brazil | 284 | 250 | 292 | 359 | 8.1% |
| Thailand | 290 | 369 | 233 | 337 | 5.1% |
| Indonesia | 39.7 | 55.7 | 45.9 | 303 | 96.9% |
| Taiwan (Chinese) | 312 | 317 | 253 | 165 | -19.1% |
| Others | 458 | 340 | 1,086 | 400 | -4.4% |
| Total | 4,654 | 4,801 | 6,187 | 6,315 | 10.7% |
Top Suppliers of Motorcycle Tire to Costa Rica in 2022:
- China (77.6K units)
- Thailand (20.3K units)
- Japan (18.7K units)
- Vietnam (15.7K units)
- Taiwan (Chinese) (9.2K units)
- Brazil (8.5K units)
- Indonesia (7.1K units)
Motorcycle Tire Exports in Costa Rica
Motorcycle tire exports from Costa Rica surged to 1.4K units in 2022, with an increase of 591% against 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 778%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports soared to $53K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 0.1 | N/A | 0.1 | 53.1 | 709.8% |
| Panama | 0.3 | 2.3 | N/A | N/A | 666.7% |
| Guatemala | N/A | N/A | 7.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | 2.3 | 7.6 | 53.2 | 410.4% |
Top Export Markets for Motorcycle Tire from Costa Rica in 2022:
- Nicaragua (1354.0 units)
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