Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $27,347 per ton in 2022, rising by 8.2% against the previous year. In general, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52%. The import price peaked at $33,095 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the UK ($139,542 per ton), while the price for Malaysia ($8,670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $43,357 per ton in 2022, which is down by -31.1% against the previous year. In general, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2019 an increase of 203%. Over the period under review, the average export prices hit record highs at $62,904 per ton in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($92,749 per ton), while the average price for exports to the Dominican Republic ($21,657 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 the United States (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica
In 2022, overseas purchases of machines and mechanical appliances; parts, of those having individual functionses were finally on the rise to reach 353 tons after two years of decline. In general, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $9.7M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5,791 | 5,666 | 4,280 | 4,147 | -10.5% |
| United Kingdom | 401 | 344 | 129 | 1,707 | 62.1% |
| Malaysia | 596 | 356 | 429 | 1,081 | 22.0% |
| Germany | 641 | 551 | 288 | 599 | -2.2% |
| China | 226 | 376 | 325 | 280 | 7.4% |
| Italy | 303 | 185 | 159 | 276 | -3.1% |
| Mexico | 86.3 | 105 | 175 | 268 | 45.9% |
| Colombia | 87.9 | 97.5 | 183 | 260 | 43.5% |
| Spain | 186 | 103 | 95.6 | 249 | 10.2% |
| Panama | 21.1 | 37.0 | 37.4 | 47.3 | 30.9% |
| Others | 1,279 | 694 | 1,060 | 743 | -16.6% |
| Total | 9,619 | 8,514 | 7,161 | 9,656 | 0.1% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Costa Rica in 2022:
- Malaysia (124.7 tons)
- United States (107.2 tons)
- China (23.5 tons)
- Colombia (18.1 tons)
- Mexico (12.9 tons)
- Italy (12.2 tons)
- United Kingdom (12.2 tons)
- Spain (10.8 tons)
- Panama (5.4 tons)
- Germany (5.2 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica
For the third consecutive year, Costa Rica recorded decline in shipments abroad of machines and mechanical appliances; parts, of those having individual functionses, which decreased by -12.4% to 5.6 tons in 2022. In general, exports faced a significant decrease.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses dropped notably to $244K in 2022. Over the period under review, exports faced a sharp downturn. The smallest decline of -28.8% was in 2021.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 286 | 144 | 187 | 76.2 | -35.7% |
| Panama | 186 | 70.7 | 35.0 | 70.9 | -27.5% |
| El Salvador | 17.5 | 16.0 | N/A | 39.1 | 30.7% |
| Nicaragua | 67.2 | 84.5 | 45.5 | 15.1 | -39.2% |
| Dominican Republic | 23.7 | 7.3 | 3.4 | 9.7 | -25.8% |
| Honduras | 37.4 | 63.9 | 17.2 | 5.8 | -46.3% |
| Guatemala | 52.4 | 14.6 | 14.1 | 4.4 | -56.2% |
| Others | 344 | 165 | 101 | 22.3 | -59.8% |
| Total | 1,014 | 567 | 403 | 244 | -37.8% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Costa Rica in 2022:
- Panama (2903.0 kg)
- United States (822.0 kg)
- El Salvador (720.0 kg)
- Dominican Republic (449.0 kg)
- Nicaragua (283.0 kg)
- Honduras (114.0 kg)
- Guatemala (98.0 kg)
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