Costa Rica: Gps Navigator Market 2024

Gps Navigator Market Size in Costa Rica

The Costa Rican GPS navigator market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gps Navigator Production in Costa Rica

In value terms, GPS navigator production reached $X in 2022 estimated in export price. In general, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Gps Navigator Exports

Exports from Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in overseas shipments of aeronautical or space navigation instruments and appliances, which increased by X% to X units in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, GPS navigator exports surged to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Canada (X units) was the main destination for GPS navigator exports from Costa Rica, with a X% share of total exports. Moreover, GPS navigator exports to Canada exceeded the volume sent to the second major destination, the United States (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X.9%.

In value terms, Canada ($X) emerged as the key foreign market for aeronautical or space navigation instruments and appliances exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X.4%.

Export Prices by Country

In 2022, the average GPS navigator export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Gps Navigator Imports

Imports into Costa Rica

In 2022, after two years of growth, there was significant decline in overseas purchases of aeronautical or space navigation instruments and appliances, when their volume decreased by X% to X units. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, GPS navigator imports dropped markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest GPS navigator supplier to Costa Rica, with a X% share of total imports. Moreover, GPS navigator imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. Colombia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Colombia (X% per year).

In value terms, the United States ($X), France ($X) and Colombia ($X) were the largest GPS navigator suppliers to Costa Rica, with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average GPS navigator import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform