Costa Rica - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Costa Rica - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Personal Weighing Machine Price in Costa Rica - 2022

Contents:

  1. Personal Weighing Machine Price in Costa Rica (CIF) - 2022
  2. Personal Weighing Machine Price in Costa Rica (FOB) - 2022
  3. Personal Weighing Machine Imports in Costa Rica
  4. Personal Weighing Machine Exports in Costa Rica

Personal Weighing Machine Price in Costa Rica (CIF) - 2022

The average personal weighing machine import price stood at $9.8 per unit in 2022, growing by 31% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $10 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($9.8 per unit) and China ($9.8 per unit), while the price for South Korea ($9.6 per unit) and Panama ($9.8 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Personal Weighing Machine Price in Costa Rica (FOB) - 2022

In 2022, the average personal weighing machine export price amounted to $8.9 per unit, increasing by 2% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 63%. As a result, the export price attained the peak level of $18 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($8.9 per unit) and Panama ($8.9 per unit), while the average price for exports to Ecuador ($8.3 per unit) and Nicaragua ($8.9 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+1.5%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports in Costa Rica

In 2022, approx. 105K units of personal weighing machines were imported into Costa Rica; shrinking by -51.7% on the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports reached the peak of 218K units, and then contracted rapidly in the following year.

In value terms, personal weighing machine imports dropped sharply to $1M in 2022. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of $1.6M, and then declined sharply in the following year.

Import of Personal Weighing Machine in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China42644097774320.4%
United States223309240175-7.8%
Panama20.733.564.040.324.9%
Germany69.251.189.735.7-19.8%
Hong Kong SAR92.413.46.211.8-49.6%
Mexico12.926.092.73.0-38.5%
South Korea2791551110.1-92.9%
Others22.227.949.424.43.2%
Total1,1461,0561,6301,033-3.4%

Top Suppliers of Personal Weighing Machine to Costa Rica in 2022:

  1. China (75.8K units)
  2. United States (17.8K units)
  3. Panama (4.1K units)
  4. Germany (3.6K units)
  5. Hong Kong SAR (1.2K units)
  6. Mexico (0.3K units)

Personal Weighing Machine Exports in Costa Rica

For the fourth year in a row, Costa Rica recorded growth in shipments abroad of personal weighing machines, which increased by 74% to 9.4K units in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 141%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, personal weighing machine exports surged to $84K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 149%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Personal Weighing Machine in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El SalvadorN/A2.56.639.3296.5%
Panama8.32.910.731.756.3%
United States0.10.10.44.1244.8%
Guatemala1.213.523.63.137.2%
Nicaragua0.7N/AN/A2.144.2%
Others0.10.16.23.8236.2%
Total10.419.147.584.2100.8%

Top Export Markets for Personal Weighing Machine from Costa Rica in 2022:

  1. El Salvador (4.4K units)
  2. Panama (3.5K units)
  3. United States (0.5K units)
  4. Guatemala (0.4K units)
  5. Nicaragua (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal weighing machine 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales

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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