Plugs and Socket Price in Costa Rica - 2022
Contents:
- Plugs and Socket Price in Costa Rica (CIF) - 2022
- Plugs and Socket Price in Costa Rica (FOB) - 2022
- Plugs and Socket Imports in Costa Rica
- Plugs and Socket Exports in Costa Rica
Plugs and Socket Price in Costa Rica (CIF) - 2022
The average plugs and socket import price stood at $0.2 per unit in 2022, falling by -8.6% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 61%. Over the period under review, average import prices hit record highs at $0.3 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 the United States ($0.4 per unit), while the price for Canada ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Costa Rica (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.3 per unit, increasing by 3.4% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2018 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $0.4 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 China ($1.1 per unit), while the average price for exports to Jamaica ($0.1 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 Mexico (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Costa Rica
In 2022, imports of electrical plugs and sockets for under 1000 v into Costa Rica surged to 359M units, jumping by 54% against 2021. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $85M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 46%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Plugs and Socket in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.2 | 13.9 | 20.7 | 32.7 | 58.6% |
| China | 7.8 | 14.7 | 15.1 | 25.3 | 48.0% |
| Mexico | 6.2 | 7.4 | 16.0 | 12.7 | 27.0% |
| Colombia | 1.7 | 2.1 | 4.7 | 5.8 | 50.5% |
| Canada | N/A | N/A | 0.2 | 2.1 | 950.0% |
| Others | 17.4 | 3.5 | 4.0 | 6.8 | -26.9% |
| Total | 41.4 | 41.5 | 60.7 | 85.4 | 27.3% |
Top Suppliers of Plugs and Socket to Costa Rica in 2022:
- China (152.1M units)
- United States (81.8M units)
- Mexico (44.7M units)
- Colombia (41.8M units)
- Canada (24.1M units)
Plugs and Socket Exports in Costa Rica
Plugs and socket exports from Costa Rica fell to 110M units in 2022, waning by -6.2% compared with the year before. In general, exports recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at 144M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plugs and socket exports reduced modestly to $38M in 2022. Over the period under review, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. Over the period under review, the exports attained the peak figure at $39M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Plugs and Socket in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 4.4 | 7.0 | 7.1 | -8.3% |
| Guatemala | 6.0 | 4.7 | 4.2 | 6.0 | 0.0% |
| Mexico | 3.9 | 2.8 | 4.8 | 4.9 | 7.9% |
| Japan | 4.4 | 7.3 | 8.0 | 4.7 | 2.2% |
| El Salvador | 2.5 | 2.5 | 1.8 | 2.7 | 2.6% |
| Ecuador | 3.2 | 2.0 | 3.0 | 2.7 | -5.5% |
| Dominican Republic | 2.0 | 1.3 | 2.3 | 1.8 | -3.5% |
| Honduras | 1.8 | 1.9 | 1.1 | 1.3 | -10.3% |
| Panama | 0.6 | 0.3 | 0.6 | 1.1 | 22.4% |
| Nicaragua | 0.8 | 1.0 | 0.7 | 0.9 | 4.0% |
| Jamaica | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 4.8 | 4.4 | 5.2 | 4.2 | -4.4% |
| Total | 39.2 | 32.9 | 38.9 | 37.7 | -1.3% |
Top Export Markets for Plugs and Socket from Costa Rica in 2022:
- Guatemala (26.1M units)
- Ecuador (13.1M units)
- El Salvador (11.6M units)
- United States (10.6M units)
- Honduras (8.8M units)
- Dominican Republic (8.8M units)
- Mexico (7.0M units)
- Panama (5.7M units)
- Japan (5.5M units)
- Nicaragua (5.3M units)
- Jamaica (1.7M units)
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