Price for Tools, Hand; Other than Household Tools in Costa Rica - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Costa Rica (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Costa Rica (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Costa Rica
- Exports of Tools, Hand; Other than Household Tools in Costa Rica
Price for Tools, Hand; Other than Household Tools in Costa Rica (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $10,459 per ton in 2022, growing by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 20%. The import price peaked at $11,985 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($26,409 per ton), while the price for El Salvador ($4,131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Costa Rica (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $28,140 per ton in 2022, growing by 72% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 86% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($56,932 per ton), while the average price for exports to Colombia ($973 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 Germany (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Costa Rica
In 2022, after three years of growth, there was significant decline in overseas purchases of tools, hand; other than household toolses, when their volume decreased by -8.4% to 522 tons. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of 570 tons, and then shrank in the following year.
In value terms, imports of tools, hand; other than household toolses dropped slightly to $5.5M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of $5.6M, and then fell modestly in the following year.
| Import of Tools, Hand; Other than Household Tools in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,277 | 2,355 | 2,122 | 2,079 | -3.0% |
| China | 1,013 | 1,271 | 1,785 | 1,836 | 21.9% |
| Mexico | 304 | 352 | 518 | 458 | 14.6% |
| Taiwan (Chinese) | 341 | 320 | 432 | 433 | 8.3% |
| Germany | 125 | 152 | 169 | 115 | -2.7% |
| Brazil | 52.3 | 34.7 | 109 | 87.9 | 18.9% |
| El Salvador | 20.4 | 13.5 | 6.3 | 43.8 | 29.0% |
| Others | 1,085 | 499 | 508 | 412 | -27.6% |
| Total | 5,217 | 4,996 | 5,648 | 5,464 | 1.6% |
Top Suppliers of Tools, Hand; Other than Household Tools to Costa Rica in 2022:
- China (286.5 tons)
- United States (78.7 tons)
- Mexico (59.8 tons)
- Taiwan (Chinese) (43.8 tons)
- El Salvador (10.6 tons)
- Brazil (8.2 tons)
- Germany (6.6 tons)
Exports of Tools, Hand; Other than Household Tools in Costa Rica
For the third year in a row, Costa Rica recorded decline in shipments abroad of tools, hand; other than household toolses, which decreased by -11.6% to 12 tons in 2022. Overall, exports showed a abrupt contraction.
In value terms, exports of tools, hand; other than household toolses soared to $345K in 2022. In general, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 120 | 159 | 126 | 227 | 23.7% |
| Mexico | 4.2 | 9.2 | 17.1 | 51.3 | 130.3% |
| Panama | 49.3 | 10.7 | 41.5 | 20.4 | -25.5% |
| Nicaragua | 10.6 | 17.4 | 8.9 | 18.7 | 20.8% |
| Netherlands | 12.5 | 5.5 | 4.1 | 10.2 | -6.6% |
| Honduras | 15.3 | 9.1 | 6.3 | 5.6 | -28.5% |
| Dominican Republic | 16.6 | 2.4 | 3.5 | 2.9 | -44.1% |
| Guatemala | 42.3 | 25.0 | 6.4 | 2.0 | -63.8% |
| Colombia | 0.2 | N/A | 0.4 | 0.9 | 65.1% |
| El Salvador | 14.5 | 12.8 | 1.0 | 0.3 | -72.5% |
| Sierra Leone | N/A | N/A | 3.2 | N/A | 0% |
| Switzerland | N/A | 1.0 | N/A | N/A | 0% |
| Others | 29.8 | 5.8 | 8.2 | 5.1 | -44.5% |
| Total | 316 | 257 | 226 | 345 | 3.0% |
Top Export Markets for Tools, Hand; Other than Household Tools from Costa Rica in 2022:
- United States (4.0 tons)
- Nicaragua (2.3 tons)
- Panama (1.9 tons)
- Mexico (1.2 tons)
- Colombia (0.9 tons)
- Netherlands (0.6 tons)
- Dominican Republic (0.5 tons)
- Honduras (0.3 tons)
- Guatemala (0.2 tons)
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