Costa Rica: Invalid Carriage Market 2025

Invalid Carriage Market Size in Costa Rica

The Costa Rican invalid carriage market reduced to $X in 2022, waning by -1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Invalid carriage consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Invalid Carriage Exports

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in overseas shipments of invalid carriages not mechanically propelled, when their volume decreased by -48.5% to X units. Overall, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 450%. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, invalid carriage exports fell remarkably to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 37,971%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for invalid carriage exports from Costa Rica, with a 41% share of total exports. Moreover, invalid carriage exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), twofold. The third position in this ranking was taken by El Salvador (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+11.6% per year) and El Salvador (+11.6% per year).

In value terms, Nicaragua ($X), the United States ($X) and Guatemala ($X) constituted the largest markets for invalid carriage exported from Costa Rica worldwide, together comprising 87% of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +50.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average invalid carriage export price amounted to $X per unit, which is down by -2.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2021 an increase of 6,822%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Nicaragua ($X per unit), while the average price for exports to El Salvador ($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 Colombia (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Costa Rica

In 2022, invalid carriage imports into Costa Rica contracted slightly to X units, declining by -2% compared with 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 230% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, invalid carriage imports dropped slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 256%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest invalid carriage supplier to Costa Rica, accounting for a 86% share of total imports. Moreover, invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.1% per year) and Taiwan (Chinese) (-14.1% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest invalid carriage suppliers to Costa Rica, together comprising 78% of total imports.

Among the main suppliers, China, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average invalid carriage import price stood at $X per unit in 2022, approximately equating the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, invalid carriage import price decreased by -33.3% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform