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Costa Rica - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPassenger Car Price in Costa Rica - 2022
Contents:
- Passenger Car Price in Costa Rica (CIF) - 2022
- Passenger Car Price in Costa Rica (FOB) - 2022
- Passenger Car Imports in Costa Rica
- Passenger Car Exports in Costa Rica
Passenger Car Price in Costa Rica (CIF) - 2022
The average passenger car import price stood at $23,447 per unit in 2022, approximately reflecting the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, passenger car import price increased by +70.2% against 2013 indices. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($37,582 per unit), while the price for Indonesia ($17,092 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Price in Costa Rica (FOB) - 2022
In 2022, the average passenger car export price amounted to $12,157 per unit, dropping by -39.6% against the previous year. In general, the export price saw a slight contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 40% against the previous year. The export price peaked at $22,721 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 Venezuela ($36,000 per unit), while the average price for exports to the United States ($11,399 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 Venezuela (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Imports in Costa Rica
In 2022, approx. 28K units of passenger cars were imported into Costa Rica; picking up by 28% on 2021. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% 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 +68.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, passenger car imports soared to $655M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +80.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Passenger Car in Costa Rica (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.3 | 23.9 | 44.9 | 129 | 69.9% |
Japan | 98.4 | 52.6 | 54.3 | 107 | 2.8% |
United States | 74.1 | 57.0 | 71.5 | 67.5 | -3.1% |
South Korea | 50.4 | 22.3 | 59.6 | 51.5 | 0.7% |
Brazil | 7.8 | 5.7 | 19.6 | 35.3 | 65.4% |
India | 38.9 | 21.2 | 21.9 | 34.6 | -3.8% |
Thailand | 18.7 | 13.4 | 16.3 | 32.8 | 20.6% |
Germany | 25.5 | 14.6 | 19.9 | 30.9 | 6.6% |
Mexico | 30.0 | 23.1 | 26.5 | 28.2 | -2.0% |
Indonesia | 12.2 | 6.3 | 14.3 | 27.9 | 31.7% |
United Kingdom | 21.5 | 14.9 | 12.2 | 24.6 | 4.6% |
Argentina | N/A | N/A | N/A | 23.1 | 0% |
Hungary | 17.3 | 11.4 | 12.6 | 21.5 | 7.5% |
Others | 123 | 97.1 | 130 | 40.8 | -30.8% |
Total | 544 | 363 | 504 | 655 | 6.4% |
Top Suppliers of Passenger Car to Costa Rica in 2022:
- China (6.1K units)
- Japan (3.5K units)
- United States (3.2K units)
- India (2.0K units)
- South Korea (2.0K units)
- Brazil (1.6K units)
- Indonesia (1.6K units)
- Thailand (1.4K units)
- Mexico (1.2K units)
- United Kingdom (1.1K units)
- Germany (1.1K units)
- Hungary (0.9K units)
- Argentina (0.6K units)
Passenger Car Exports in Costa Rica
Passenger car exports from Costa Rica skyrocketed to 129 units in 2022, growing by 105% on the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, passenger car exports skyrocketed to $1.6M in 2022. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 103% against the previous year. As a result, the exports attained the peak of $2.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Passenger Car in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 200 | 238 | 177 | 1,231 | 83.3% |
Venezuela | N/A | N/A | N/A | 108 | 0% |
China | N/A | N/A | N/A | 71.9 | 0% |
Panama | 114 | 567 | N/A | 37.0 | -31.3% |
Belgium | 32.1 | N/A | N/A | 3.8 | -50.9% |
Spain | 70.0 | 6.6 | 25.4 | N/A | -39.8% |
Guatemala | 78.6 | 237 | 47.0 | N/A | -22.7% |
Senegal | 438 | 239 | 206 | N/A | -31.4% |
Norway | N/A | 910 | 484 | N/A | -46.8% |
Others | 299 | 302 | 329 | 116 | -27.1% |
Total | 1,232 | 2,499 | 1,269 | 1,568 | 8.4% |
Top Export Markets for Passenger Car from Costa Rica in 2022:
- United States (108.0 units)
- China (3.0 units)
- Venezuela (3.0 units)
- Panama (2.0 units)
- Belgium (1.0 units)
This report provides an in-depth analysis of the passenger car market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
- Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
- Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
- Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
- Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
- Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102410 -
- Prodcom 29102430 -
- Prodcom 29102450 -
- Prodcom 29102490 -
Country coverage:
- Costa Rica
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Costa Rica
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the passenger car market in Costa Rica.
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This report provides an in-depth analysis of the passenger car market in Costa Rica.
This report provides an in-depth analysis of the snow motor vehicle market in Costa Rica.
This report provides an in-depth analysis of the global passenger car market.
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Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
Discover the top import markets around the world for snow or golf motor vehicles. Learn about the key countries driving the demand for these specialized vehicles.
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
Discover the top import markets around the world for snow or golf motor vehicles. Learn about the key countries driving the demand for these specialized vehicles.