Price for Tractors; (Other than Tractors of Heading No 8709) in Costa Rica - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica
Price for Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $32,642 per unit in 2022, which is down by -11.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum at $50,375 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($43,764 per unit), while the price for India ($16,012 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $26,281 per unit, dropping by -9.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 34%. The export price peaked at $40,972 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($30,729 per unit), while the average price for exports to Guatemala ($7,832 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 Panama (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica
In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Costa Rica expanded markedly to 683 units, surging by 6.6% compared with 2021. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank to $22M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $24M, and then contracted in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.8 | 4.1 | 5.9 | 6.0 | 16.4% |
| Brazil | 1.8 | 0.6 | 3.0 | 4.0 | 30.5% |
| United States | 7.3 | 6.5 | 6.0 | 3.0 | -25.7% |
| Italy | 2.2 | 1.4 | 2.1 | 3.0 | 10.9% |
| Germany | 0.9 | 0.1 | 2.1 | 2.4 | 38.7% |
| United Kingdom | 1.0 | 1.3 | 1.2 | 1.6 | 17.0% |
| China | 0.8 | 1.1 | 0.9 | 1.1 | 11.2% |
| India | 0.3 | 0.3 | 1.1 | 0.7 | 32.6% |
| Others | 1.3 | 0.7 | 1.3 | 0.5 | -27.3% |
| Total | 19.4 | 16.1 | 23.6 | 22.3 | 4.8% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Costa Rica in 2022:
- Mexico (136.0 units)
- Italy (131.0 units)
- Brazil (129.0 units)
- United States (83.0 units)
- Germany (63.0 units)
- United Kingdom (43.0 units)
- India (42.0 units)
- China (34.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica
Exports of tractors; (other than tractors of heading no 8709)s from Costa Rica soared to 56 units in 2022, growing by 30% on 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 117% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $1.5M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 159% against the previous year. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 33.5 | 17.4 | 175 | 345 | 117.6% |
| Honduras | 360 | 457 | 475 | 338 | -2.1% |
| Peru | N/A | N/A | N/A | 287 | 0% |
| Nicaragua | 124 | 1,519 | 380 | 277 | 30.7% |
| United States | 63.5 | N/A | N/A | 109 | 19.7% |
| El Salvador | 21.2 | 36.3 | 29.7 | 21.8 | 0.9% |
| Guatemala | 22.9 | 101 | 131 | 15.7 | -11.8% |
| Others | 199 | N/A | 53.0 | 78.3 | -26.7% |
| Total | 823 | 2,131 | 1,244 | 1,472 | 21.4% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Costa Rica in 2022:
- Honduras (14.0 units)
- Panama (12.0 units)
- Peru (11.0 units)
- Nicaragua (9.0 units)
- United States (4.0 units)
- El Salvador (2.0 units)
- Guatemala (2.0 units)
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