Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $50 per unit in 2022, with an increase of 10% against the previous year. In general, the import price recorded strong growth. The growth pace was the most rapid in 2016 an increase of 77%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue 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 Malaysia ($155 per unit), while the price for Colombia ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $49 per unit, growing by 5.4% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 refrigerating or freezing equipment; parts thereof, other than furniture decreased by -13.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 61%. As a result, the export price reached the peak level of $57 per unit. From 2021 to 2022, the average 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 Colombia ($116 per unit), while the average price for exports to Nicaragua ($22 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 Guatemala (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica
In 2022, approx. 135K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Costa Rica; picking up by 14% on the previous year's figure. In general, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. Over the period under review, imports of reached the maximum at 227K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $6.8M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports of attained the peak figure at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,389 | 484 | 1,156 | 1,937 | 11.7% |
| United States | 4,698 | 1,618 | 1,712 | 1,771 | -27.8% |
| Mexico | 1,729 | 563 | 538 | 872 | -20.4% |
| Malaysia | 240 | 274 | 553 | 438 | 22.2% |
| Guatemala | 258 | 289 | 290 | 411 | 16.8% |
| Italy | 584 | 117 | 173 | 335 | -16.9% |
| Colombia | 182 | 162 | 131 | 133 | -9.9% |
| Brazil | 359 | 217 | 60.6 | 61.3 | -44.5% |
| Others | 1,733 | 682 | 783 | 800 | -22.7% |
| Total | 11,173 | 4,406 | 5,395 | 6,757 | -15.4% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Costa Rica in 2022:
- United States (50.2K units)
- China (26.7K units)
- Guatemala (15.2K units)
- Mexico (12.6K units)
- Colombia (10.0K units)
- Italy (9.5K units)
- Malaysia (2.8K units)
- Brazil (0.6K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Costa Rica fell dramatically to 11K units, declining by -29.1% on the previous year's figure. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, the exports of attained the maximum at 32K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture dropped markedly to $550K in 2022. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. The exports peaked at $1.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 610 | 165 | 141 | 175 | -34.0% |
| Honduras | 51.0 | 17.7 | 26.9 | 102 | 26.0% |
| Nicaragua | 16.1 | 1.9 | 16.5 | 89.2 | 76.9% |
| Colombia | 23.4 | 0.2 | N/A | 80.4 | 50.9% |
| United States | N/A | N/A | 31.4 | 58.4 | 86.0% |
| El Salvador | 115 | 270 | 6.0 | 19.6 | -44.6% |
| Guatemala | 185 | 58.6 | 355 | 9.6 | -62.7% |
| Dominican Republic | 112 | 31.6 | 0.4 | N/A | -94.0% |
| Jamaica | N/A | N/A | 132 | N/A | 0% |
| Others | 2.9 | 15.6 | 28.0 | 15.9 | 76.3% |
| Total | 1,115 | 561 | 737 | 550 | -21.0% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Costa Rica in 2022:
- Nicaragua (4.0K units)
- Panama (3.2K units)
- Honduras (1.8K units)
- United States (1.0K units)
- Colombia (0.7K units)
- El Salvador (0.4K units)
- Guatemala (0.1K units)
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