Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica - 2022

Contents:

  1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (CIF) - 2022
  2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (FOB) - 2022
  3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica
  4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (CIF) - 2022

In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $8,943 per unit, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13% against the previous year. The import price peaked in 2022 and is likely to continue 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 China ($13,345 per unit), while the price for Taiwan (Chinese) ($2,513 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $2,510 per unit in 2022, declining by -74.2% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 89%. The export price peaked at $14,678 per unit in 2020; however, from 2021 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 Belgium ($3,770 per unit), while the average price for exports to Nicaragua amounted to $1,250 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica

In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs imported into Costa Rica expanded sharply to 1.9K units, with an increase of 12% against the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 70% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs surged to $17M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.2N/AN/A3.8166.8%
India4.51.71.63.7-6.3%
United States3.12.55.33.65.1%
Brazil0.20.14.42.1119.0%
MexicoN/A0.9N/A2.152.8%
Indonesia0.50.81.10.921.6%
South Korea0.70.81.20.70.0%
Taiwan (Chinese)0.10.10.20.458.7%
Others0.50.4N/A0.1-41.5%
Total9.87.314.017.421.1%

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Costa Rica in 2022:

  1. India (771.0 units)
  2. China (284.0 units)
  3. United States (273.0 units)
  4. Mexico (161.0 units)
  5. Taiwan (Chinese) (160.0 units)
  6. Brazil (157.0 units)
  7. Indonesia (67.0 units)
  8. South Korea (49.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica

For the third year in a row, Costa Rica recorded decline in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, which decreased by -33.3% to 2 units in 2022. Overall, exports recorded a precipitous curtailment. The smallest decline of -25% was in 2021. The exports peaked at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell markedly to $5K in 2022. Over the period under review, exports continue to indicate a precipitous slump. The smallest decline of -33.4% was in 2020. Over the period under review, the exports of hit record highs at $88K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/AN/AN/A3.80%
Nicaragua12.6N/AN/A1.3-53.1%
GuatemalaN/AN/A23.7N/A0%
United KingdomN/AN/A0.7N/A0%
United States75.658.73.8N/A-77.6%
OthersN/AN/A0.9N/A0%
Total88.258.729.25.0-61.6%

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Costa Rica in 2022:

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

Source: IndexBox Market Intelligence Platform

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