Costa Rica: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Costa Rica

The Costa Rican agricultural harvester market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Agricultural Harvester Production in Costa Rica

In value terms, agricultural harvester production expanded markedly to $X in 2022 estimated in export price. In general, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Agricultural harvester production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Costa Rica

In 2022, approx. X units of agricultural harvesters were exported from Costa Rica; reducing by X% against 2021 figures. Overall, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, agricultural harvester exports reduced dramatically to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X units) was the main destination for agricultural harvester exports from Costa Rica, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Nicaragua exceeded the volume sent to the second major destination, Honduras (X units), threefold. The third position in this ranking was taken by Guatemala (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Guatemala (X% per year).

In value terms, the largest markets for agricultural harvester exported from Costa Rica were Nicaragua ($X), Guatemala ($X) and Honduras ($X), together comprising X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average agricultural harvester export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 Guatemala ($X per unit), while the average price for exports to Honduras ($X 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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Costa Rica

In 2022, overseas purchases of agricultural harvesters increased by X% to X units, rising for the third consecutive year after three years of decline. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester imports shrank dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest agricultural harvester supplier to Costa Rica, accounting for a X% share of total imports. Moreover, agricultural harvester imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The third position in this ranking was taken by Mexico (X units), with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of agricultural harvesters to Costa Rica, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average agricultural harvester import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 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 Mexico ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform