Price for Non-Furniture Refrigerating or Freezing Equipment in Costa Rica - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica
Price for Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $226 per unit, surging by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Italy ($377 per unit), while the price for China ($119 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $325 per unit in 2022, increasing by 88% against the previous year. In general, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($432 per unit), while the average price for exports to Nicaragua ($134 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 El Salvador (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica
In 2022, imports of non-furniture refrigerating or freezing equipment into Costa Rica amounted to 60K units, with an increase of 13% on 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of 71K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment imports surged to $14M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $15M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 10.6 | 5.5 | 6.3 | -3.9% |
| Mexico | 1.6 | 1.3 | 1.3 | 2.0 | 7.7% |
| China | 1.1 | 1.2 | 1.6 | 1.6 | 13.3% |
| Malaysia | 0.2 | N/A | 0.9 | 0.9 | 65.1% |
| Italy | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
| Canada | N/A | N/A | N/A | 0.3 | 0% |
| Brazil | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| South Korea | 0.3 | 0.5 | 0.1 | 0.3 | 0.0% |
| Others | 1.1 | 0.8 | 0.9 | 1.4 | 8.4% |
| Total | 12.3 | 15.1 | 10.9 | 13.6 | 3.4% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Costa Rica in 2022:
- United States (22.8K units)
- China (13.3K units)
- Mexico (10.0K units)
- Malaysia (2.9K units)
- Canada (2.2K units)
- Italy (1.6K units)
- Brazil (1.3K units)
- South Korea (1.2K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica
Non-furniture refrigerating or freezing equipment exports from Costa Rica declined notably to 2.3K units in 2022, reducing by -43.2% against the previous year. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 308%. Over the period under review, the exports attained the peak figure at 4.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports amounted to $747K in 2022. In general, exports showed a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by 193% against the previous year. Over the period under review, the exports attained the peak figure at $769K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | N/A | 45.8 | N/A | 319 | 163.9% |
| El Salvador | 0.1 | N/A | N/A | 260 | 1275.1% |
| Nicaragua | N/A | N/A | 38.4 | 63.3 | 64.8% |
| Panama | 1.3 | 63.9 | 400 | 52.8 | 243.7% |
| Guatemala | 144 | 68.6 | 213 | 50.8 | -29.3% |
| Hong Kong SAR | 529 | N/A | N/A | N/A | 0% |
| Israel | 85.0 | N/A | N/A | N/A | 0% |
| Others | 8.6 | 59.5 | 45.7 | 0.2 | -71.5% |
| Total | 769 | 238 | 698 | 747 | -1.0% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Costa Rica in 2022:
- Ecuador (739.0 units)
- El Salvador (624.0 units)
- Nicaragua (471.0 units)
- Guatemala (245.0 units)
- Panama (219.0 units)
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