Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica - 2022

Contents:

  1. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (CIF) - 2022
  2. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (FOB) - 2022
  3. Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica
  4. Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (CIF) - 2022

The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $7.1 per unit in 2022, rising by 5.6% against the previous year. In general, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 64% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7.1 per unit), while the price for Panama ($7.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (FOB) - 2022

The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $4.8 per unit in 2022, waning by -6% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for clocks; wall clocks, battery, accumulator or mains powereds increased by +1.3% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 97% against the previous year. Over the period under review, the average export prices attained the maximum at $5.6 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($6 per unit), while the average price for exports to Panama ($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 Belgium (+144.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica

Imports of clocks; wall clocks, battery, accumulator or mains powereds into Costa Rica fell notably to 37K units in 2022, waning by -44.7% against the previous year's figure. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 67K units, and then contracted remarkably in the following year.

In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds reduced notably to $262K in 2022. Overall, imports showed a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports reached the peak of $449K, and then shrank notably in the following year.

Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2152113632170.3%
United States25.646.246.233.69.5%
Netherlands8.88.42.4N/A-47.8%
Others22.231.137.311.6-19.5%
Total272296449262-1.2%

Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Costa Rica in 2022:

  1. China (30.4K units)
  2. United States (4.7K units)

Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica

After three years of growth, overseas shipments of clocks; wall clocks, battery, accumulator or mains powereds decreased by -99% to 18 units in 2022. Over the period under review, exports recorded a precipitous decline. The growth pace was the most rapid in 2020 when exports increased by 216% against the previous year. The exports peaked at 1.7K units in 2021, and then declined notably in the following year.

In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds fell notably to $87 in 2022. In general, exports saw a sharp decline. The pace of growth was the most pronounced in 2020 when exports increased by 198%. The exports peaked at $9K in 2021, and then dropped significantly in the following year.

Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10.039.014.080.0100.0%
BelgiumN/A5.0N/A6.09.5%
Panama15.025.010.01.0-59.5%
Guatemala1,3282,5494,896N/A92.0%
Trinidad and Tobago85.0279391N/A114.5%
El Salvador2952,2742,663N/A200.5%
Cuba67.0218305N/A113.4%
Jamaica83.0271379N/A113.7%
Others85.0197322N/A94.6%
Total1,9685,8578,98087.0-64.6%

Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Costa Rica in 2022:

  1. United States (16.0 units)
  2. Belgium (1.0 units)
  3. Panama (1.0 units)

Source: IndexBox Market Intelligence Platform

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