Costa Rica: Machinery For Packing Market 2024

Machinery For Packing Market Size in Costa Rica

The Costa Rican machinery for packing market skyrocketed to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a strong increase. Machinery for packing consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Exports

Exports from Costa Rica

In 2022, the amount of machinery for packing or wrapping exported from Costa Rica plummeted to X units, falling by X% against 2021 figures. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, machinery for packing exports fell rapidly to $X in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units), the Dominican Republic (X units) and Honduras (X units) were the main destinations of machinery for packing exports from Costa Rica, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) emerged as the key foreign market for machinery for packing or wrapping exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, reducing by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machinery for packing export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($X 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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Costa Rica

In 2022, imports of machinery for packing or wrapping into Costa Rica surged to X units, increasing by X% against the previous year's figure. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, machinery for packing imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and the Netherlands (X units) were the main suppliers of machinery for packing imports to Costa Rica, with a combined X% share of total imports. Germany, Italy, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing suppliers to Costa Rica were Germany ($X), the Netherlands ($X) and the United States ($X), with a combined X% share of total imports. Spain, China, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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