Costa Rica - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery for Packing Price in Costa Rica - 2022
Contents:
- Machinery for Packing Price in Costa Rica (CIF) - 2022
- Machinery for Packing Price in Costa Rica (FOB) - 2022
- Machinery for Packing Imports in Costa Rica
- Machinery for Packing Exports in Costa Rica
Machinery for Packing Price in Costa Rica (CIF) - 2022
In 2022, the average machinery for packing import price amounted to $940 per unit, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Germany ($2,114 per unit), while the price for Taiwan (Chinese) ($222 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Machinery for Packing Price in Costa Rica (FOB) - 2022
In 2022, the average machinery for packing export price amounted to $6,951 per unit, shrinking by -6.7% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machinery for packing export price decreased by -36.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. As a result, the export price reached the peak level of $10,865 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
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 the United States ($25,605 per unit), while the average price for exports to Nicaragua ($2,139 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 the Dominican Republic (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Machinery for Packing Imports in Costa Rica
In 2022, approx. 19K units of machinery for packing or wrapping were imported into Costa Rica; with an increase of 40% on the previous year. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 71%. As a result, imports attained the peak of 25K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, machinery for packing imports soared to $17M in 2022. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 82%. As a result, imports reached the peak of $20M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Machinery for Packing in Costa Rica (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.5 | 4.1 | 0.8 | 4.8 | 47.4% |
Netherlands | 1.0 | 0.1 | N/A | 3.5 | 51.8% |
United States | 0.7 | 1.4 | 0.9 | 2.9 | 60.6% |
Spain | 0.9 | 0.6 | N/A | 1.6 | 21.1% |
China | 0.2 | 2.0 | 1.3 | 1.5 | 95.7% |
Italy | 4.9 | 7.0 | 2.0 | 1.2 | -37.4% |
Canada | 0.5 | 0.1 | 0.3 | 0.6 | 6.3% |
Brazil | 0.5 | 0.1 | 1.9 | 0.4 | -7.2% |
Taiwan (Chinese) | N/A | 0.1 | N/A | 0.3 | 73.2% |
United Kingdom | 0.4 | 2.6 | 2.2 | N/A | 134.5% |
Others | 0.2 | 1.7 | 1.9 | 0.6 | 44.2% |
Total | 10.8 | 19.7 | 11.2 | 17.4 | 17.2% |
Top Suppliers of Machinery for Packing to Costa Rica in 2022:
- United States (4.0K units)
- China (2.9K units)
- Netherlands (2.3K units)
- Germany (2.3K units)
- Italy (1.9K units)
- Taiwan (Chinese) (1.3K units)
- Spain (1.3K units)
- Canada (0.8K units)
- Brazil (0.3K units)
Machinery for Packing Exports in Costa Rica
Machinery for packing exports from Costa Rica fell dramatically to 90 units in 2022, with a decrease of -34.3% on the previous year's figure. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23%. The exports peaked at 150 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, machinery for packing exports reduced remarkably to $626K in 2022. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 8.3% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Machinery for Packing in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | 233 | 140 | 350 | 282 | 6.6% |
United States | 10.6 | 23.3 | 440 | 102 | 112.7% |
Dominican Republic | 4.9 | 268 | N/A | 91.6 | 165.4% |
Honduras | 8.9 | 4.0 | 55.4 | 57.2 | 85.9% |
Vietnam | N/A | N/A | N/A | 32.3 | 0% |
Nicaragua | 47.0 | 10.4 | 35.2 | 15.0 | -31.7% |
Colombia | 233 | 611 | 35.8 | 5.5 | -71.3% |
Sierra Leone | N/A | N/A | 68.7 | N/A | 0% |
El Salvador | 433 | 13.2 | 21.7 | N/A | -77.6% |
Others | 62.3 | 48.2 | 13.7 | 39.8 | -13.9% |
Total | 1,033 | 1,119 | 1,020 | 626 | -15.4% |
Top Export Markets for Machinery for Packing from Costa Rica in 2022:
- Panama (37.0 units)
- Dominican Republic (22.0 units)
- Honduras (13.0 units)
- Nicaragua (7.0 units)
- Vietnam (5.0 units)
- United States (4.0 units)
- Colombia (1.0 units)
This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)
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
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