Price for New Pneumatic Tyres, of Rubber in Costa Rica - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Costa Rica (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in Costa Rica (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Costa Rica
- Imports of New Pneumatic Tyres, of Rubber in Costa Rica
Price for New Pneumatic Tyres, of Rubber in Costa Rica (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $75 per unit, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($78 per unit) and Nicaragua ($77 per unit), while the average price for exports to Colombia ($59 per unit) and El Salvador ($68 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 the United States (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Costa Rica (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $81 per unit, growing by 22% against the previous year. In general, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. Over the period under review, average import prices hit record highs at $95 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($159 per unit), while the price for Italy ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of New Pneumatic Tyres, of Rubber in Costa Rica
New pneumatic tyres, of rubber exports from Costa Rica declined to 3.1M units in 2022, shrinking by -10.9% on 2021 figures. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 47%. As a result, the exports reached the peak of 3.5M units, and then fell in the following year.
In value terms, new pneumatic tyres, of rubber exports expanded sharply to $231M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of New Pneumatic Tyres, of Rubber in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 146 | 119 | 158 | 167 | 4.6% |
| Dominican Republic | 5.8 | 4.2 | 8.1 | 11.9 | 27.1% |
| Guatemala | 7.2 | 4.8 | 8.4 | 10.7 | 14.1% |
| Panama | 6.9 | 4.0 | 9.4 | 7.5 | 2.8% |
| El Salvador | 5.4 | 3.9 | 6.8 | 7.1 | 9.6% |
| Nicaragua | 5.2 | 4.5 | 5.8 | 6.8 | 9.4% |
| Honduras | 3.6 | 2.2 | 4.4 | 5.2 | 13.0% |
| Colombia | 4.2 | 3.1 | 6.2 | 3.9 | -2.4% |
| Others | 12.8 | 7.2 | 12.4 | 11.0 | -4.9% |
| Total | 197 | 153 | 220 | 231 | 5.5% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Costa Rica in 2022:
- United States (2189.2K units)
- Dominican Republic (172.1K units)
- Guatemala (136.7K units)
- El Salvador (103.4K units)
- Panama (99.9K units)
- Nicaragua (88.6K units)
- Honduras (73.2K units)
- Colombia (66.0K units)
Imports of New Pneumatic Tyres, of Rubber in Costa Rica
In 2022, approx. 1.2M units of new pneumatic tyres, of rubbers were imported into Costa Rica; waning by -15.3% on the previous year. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of 1.5M units, and then contracted notably in the following year.
In value terms, new pneumatic tyres, of rubber imports rose modestly to $100M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.9 | 53.3 | 65.3 | 63.0 | 8.8% |
| Mexico | 1.6 | 1.7 | 2.9 | 5.8 | 53.6% |
| United States | 4.6 | 3.8 | 3.6 | 5.3 | 4.8% |
| Thailand | 3.2 | 3.2 | 3.9 | 4.4 | 11.2% |
| Japan | 2.7 | 2.3 | 3.1 | 3.4 | 8.0% |
| South Korea | 1.5 | 1.5 | 1.8 | 2.1 | 11.9% |
| Brazil | 3.2 | 2.0 | 2.1 | 1.9 | -16.0% |
| Taiwan (Chinese) | 1.5 | 1.2 | 1.8 | 1.4 | -2.3% |
| Vietnam | 2.1 | 1.8 | 2.0 | 1.4 | -12.6% |
| Indonesia | 0.6 | 0.6 | 0.9 | 1.1 | 22.4% |
| Germany | 0.4 | 0.7 | 0.6 | 0.4 | 0.0% |
| Italy | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Others | 8.1 | 7.2 | 8.4 | 9.2 | 4.3% |
| Total | 78.6 | 79.6 | 96.7 | 99.8 | 8.3% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Costa Rica in 2022:
- China (641.6K units)
- Thailand (90.8K units)
- Taiwan (Chinese) (86.0K units)
- Mexico (63.9K units)
- Vietnam (58.8K units)
- United States (53.1K units)
- Indonesia (39.5K units)
- Japan (36.6K units)
- South Korea (24.7K units)
- Italy (21.7K units)
- Germany (20.7K units)
- Brazil (20.3K units)
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