Weaving Machines (Looms) Price in Costa Rica - 2022

Contents:

  1. Weaving Machines (Looms) Price in Costa Rica (CIF) - 2022
  2. Weaving Machines (Looms) Price in Costa Rica (FOB) - 2022
  3. Weaving Machines (Looms) Imports in Costa Rica
  4. Weaving Machines (Looms) Exports in Costa Rica

Weaving Machines (Looms) Price in Costa Rica (CIF) - 2022

The average weaving machines (looms) import price stood at $7,669 per unit in 2022, rising by 101% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. Over the period under review, average import prices reached the maximum at $14,851 per unit in 2013; however, from 2014 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 Italy ($17,069 per unit), while the price for Panama ($4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Price in Costa Rica (FOB) - 2022

The average weaving machines (looms) export price stood at $71 per unit in 2022, waning by -20.3% against the previous year. Over the period under review, the export price recorded a precipitous setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 252% against the previous year. As a result, the export price attained the peak level of $1,667 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($126 per unit), while the average price for exports to Nicaragua totaled $15 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+11.9%), while the prices for the other major destinations experienced a decline.

Weaving Machines (Looms) Imports in Costa Rica

In 2022, the amount of weaving machines (looms)s imported into Costa Rica soared to 14 units, jumping by 27% against the previous year's figure. Overall, imports, however, recorded a pronounced shrinkage. Imports peaked at 15 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, weaving machines (looms) imports skyrocketed to $107K in 2022. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Weaving Machines (Looms) in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria48.127.731.570.113.4%
Italy0.50.61.617.1224.6%
Taiwan (Chinese)5.83.03.67.79.9%
Colombia3.52.32.97.327.8%
China4.80.71.64.3-3.6%
United States0.30.70.40.626.0%
Germany1.20.40.20.2-45.0%
Spain0.30.1N/A0.2-12.6%
PanamaN/AN/AN/AN/A0%
MexicoN/AN/AN/AN/A0%
Others2.8N/AN/AN/A0%
Total67.435.541.910716.7%

Top Suppliers of Weaving Machines (Looms) to Costa Rica in 2022:

  1. Austria (5.0 units)
  2. Italy (1.0 units)
  3. Taiwan (Chinese) (1.0 units)
  4. Mexico (1.0 units)
  5. Panama (1.0 units)
  6. United States (1.0 units)
  7. Germany (1.0 units)
  8. Colombia (1.0 units)
  9. China (1.0 units)
  10. Spain (1.0 units)

Weaving Machines (Looms) Exports in Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas shipments of weaving machines (looms)s, which decreased by 0% to 2 units in 2022. Over the period under review, exports faced a dramatic contraction. The smallest decline of -33.3% was in 2021. Over the period under review, the exports hit record highs at 5 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, weaving machines (looms) exports contracted dramatically to $141 in 2022. Overall, exports showed a dramatic slump. The smallest decline of -20.3% was in 2021. Over the period under review, the exports hit record highs at $1.9K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Weaving Machines (Looms) in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama1,31157.0123126-54.2%
Nicaragua54121.054.015.0-69.7%
GuatemalaN/A144N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1,852222177141-57.6%

Top Export Markets for Weaving Machines (Looms) from Costa Rica in 2022:

  1. Panama (1.0 units)
  2. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform

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