Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica - 2022

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica (CIF) - 2022

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $13,484 per ton, with an increase of 18% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +32.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Japan ($36,771 per ton), while the price for China ($6,541 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $68,455 per ton, rising by 400% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($90,571 per ton), while the average price for exports to the United States ($10,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica

In 2022, after three years of growth, there was significant decline in supplies from abroad of cycles; parts, pedals and crank-gear, and parts thereoves, when their volume decreased by -44.9% to 118 tons. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, imports attained the peak of 215 tons, and then shrank notably in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves shrank sharply to $1.6M in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports reached the peak of $2.4M, and then contracted sharply in the following year.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Costa Rica in 2022:

1. China (75.0 tons)
2. Taiwan (Chinese) (12.8 tons)
3. Malaysia (8.7 tons)
4. Philippines (5.5 tons)
5. United States (4.0 tons)
6. Japan (3.1 tons)
7. Singapore (3.0 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Costa Rica

In 2022, overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -48.1% to 378 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 298%. As a result, the exports attained the peak of 728 kg, and then fell remarkably in the following year.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $26K in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 244% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Costa Rica in 2022:

1. Guatemala (177.0 kg)
2. El Salvador (76.0 kg)
3. Panama (69.0 kg)
4. Honduras (49.0 kg)
5. United States (1.0 kg)
6. Nicaragua (1.0 kg)

Source: IndexBox Market Intelligence Platform