Seals; Mechanical Price in Costa Rica - 2022

Contents:

1. Seals; Mechanical Price in Costa Rica (CIF) - 2022
2. Seals; Mechanical Price in Costa Rica (FOB) - 2022
3. Seals; Mechanical Imports in Costa Rica
4. Seals; Mechanical Exports in Costa Rica

Seals; Mechanical Price in Costa Rica (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $22 per unit, surging by 20% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $40 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($106 per unit), while the price for Mexico ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Seals; Mechanical Price in Costa Rica (FOB) - 2022

The average seals; mechanical export price stood at $35 per unit in 2022, reducing by -23.9% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 58% against the previous year. The export price peaked at $99 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($47 per unit), while the average price for exports to the United States ($17 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 Kuwait (+50.6%), while the prices for the other major destinations experienced mixed trend patterns.

Seals; Mechanical Imports in Costa Rica

Seals; mechanical imports into Costa Rica skyrocketed to 79K units in 2022, jumping by 16% on the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, seals; mechanical imports skyrocketed to $1.7M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Seals; Mechanical to Costa Rica in 2022:

1. Mexico (34.2K units)
2. Japan (15.3K units)
3. United States (14.8K units)
4. China (3.9K units)
5. Taiwan (Chinese) (3.0K units)
6. South Korea (1.2K units)
7. Germany (1.0K units)
8. Italy (0.9K units)

Seals; Mechanical Exports in Costa Rica

In 2022, approx. 1.1K units of seals; mechanicals were exported from Costa Rica; with an increase of 100% compared with the previous year's figure. Over the period under review, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports skyrocketed to $41K in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Seals; Mechanical from Costa Rica in 2022:

1. Dominican Republic (547.0 units)
2. Guatemala (452.0 units)
3. Nicaragua (108.0 units)
4. United States (30.0 units)

Source: IndexBox Market Intelligence Platform