Costa Rica: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Costa Rica

The Costa Rican self-propelled non-electric fork-lift truck market surged to $X in 2022, growing 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 continues to indicate a tangible increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Costa Rica

After three years of growth, overseas shipments of self-propelled fork-lift trucks with non-electric motor decreased by X% to X units in 2022. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports contracted notably to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X units), Nicaragua (X units) and Guatemala (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Costa Rica, with a combined X% share of total exports.

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

In value terms, Honduras ($X), Nicaragua ($X) and Guatemala ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Costa Rica worldwide, with a combined X% share of total exports. El Salvador, Venezuela, Colombia, Aruba, the Dominican Republic, British Virgin Islands and Jamaica lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per unit) and El Salvador ($X per unit), while the average price for exports to Jamaica ($X per unit) and the Dominican Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Costa Rica

For the third year in a row, Costa Rica recorded growth in overseas purchases of self-propelled fork-lift trucks with non-electric motor, which increased by X% to X units in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports skyrocketed to $X in 2022. Overall, imports showed a tangible increase. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and the United States (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Costa Rica, with a combined X% share of total imports. France, Brazil, Panama, South Korea and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Costa Rica were Japan ($X), China ($X) and the United States ($X), with a combined X% share of total imports. France, Brazil, Panama, South Korea and Germany lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Brazil ($X per unit), while the price for South Korea ($X per unit) and France ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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