Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica - 2022

Contents:

  1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (CIF) - 2022
  2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (FOB) - 2022
  3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica
  4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $8,671 per ton, increasing by 111% against the previous year. In general, the import price posted a resilient expansion. 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 Taiwan (Chinese) ($41,778 per ton), while the price for China ($4,897 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (FOB) - 2022

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $14,595 per ton in 2022, increasing by 455% against the previous year. In general, the export price saw a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($26,820 per ton), while the average price for exports to Cuba ($1,376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses imported into Costa Rica rose markedly to 140 tons, growing by 12% on 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. As a result, imports reached the peak of 189 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $1.2M in 2022. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China40478244761615.1%
Taiwan (Chinese)31.312834.0255101.2%
United States31432.3N/A96.4-32.5%
Others63.010532.024557.3%
Total8121,0475131,21214.3%

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Costa Rica in 2022:

  1. China (125.8 tons)
  2. Taiwan (Chinese) (6.1 tons)
  3. United States (2.9 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica

In 2022, overseas shipments of cycles; parts thereof, wheel rims and spokeses were finally on the rise to reach 8.1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible decrease.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $118K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sierra LeoneN/AN/AN/A1010%
Panama3.93.52.611.141.7%
Nicaragua24.619.35.12.5-53.3%
CubaN/AN/A3.01.4-53.3%
GermanyN/A0.9N/AN/A0%
Others5.02.60.11.7-30.2%
Total33.526.310.811852.2%

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Costa Rica in 2022:

  1. Sierra Leone (3.8 tons)
  2. Panama (2.3 tons)
  3. Cuba (1.0 tons)
  4. Nicaragua (0.8 tons)

Source: IndexBox Market Intelligence Platform

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