Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica (CIF) - 2022

In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $27,058 per unit, falling by -54.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 43%. The import price peaked at $59,942 per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($74,490 per unit), while the price for Cayman Islands ($19,320 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.8%), 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 Exceeding 3000cc in Costa Rica (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $15,916 per unit in 2022, with a decrease of -52% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $95,611 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($20,233 per unit), while the average price for exports to Colombia ($121 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 Nicaragua (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs into Costa Rica surged to 625 units in 2022, rising by 41% against 2021 figures. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs totaled $19M in 2022. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Costa Rica in 2022:

1. United States (336.0 units)
2. Japan (145.0 units)
3. Italy (23.0 units)
4. Germany (18.0 units)
5. United Arab Emirates (14.0 units)
6. United Kingdom (13.0 units)
7. Austria (11.0 units)
8. Canada (10.0 units)
9. Cayman Islands (10.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Costa Rica

In 2022, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Costa Rica skyrocketed to 21 units, increasing by 24% on the year before. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs soared to $255K in 2022. In general, exports, however, recorded a sharp decline. Over the period under review, the exports of attained the peak figure at $574K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Costa Rica in 2022:

1. Nicaragua (4.0 units)
2. Canada (1.0 units)
3. Netherlands (1.0 units)
4. Italy (1.0 units)
5. Mexico (1.0 units)
6. El Salvador (1.0 units)
7. France (1.0 units)
8. Guatemala (1.0 units)
9. Germany (1.0 units)
10. Colombia (1.0 units)
11. Belgium (1.0 units)
12. China (1.0 units)
13. Dominican Republic (1.0 units)

Source: IndexBox Market Intelligence Platform