Costa Rica: Jacks And Hoists Market 2025

Jacks And Hoists Market Size in Costa Rica

The Costa Rican jacks and hoists market contracted remarkably to $X in 2022, waning by -22.5% 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 saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Jacks And Hoists Exports

Exports from Costa Rica

In 2022, exports of jacks and hoists for raising vehicles from Costa Rica surged to X units, with an increase of 88% on 2021 figures. In general, exports showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 267% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, jacks and hoists exports soared to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 309% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Venezuela (X units), Panama (X units) and India (X units) were the main destinations of jacks and hoists exports from Costa Rica, together comprising 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jacks and hoists exported from Costa Rica were Venezuela ($X), Panama ($X) and India ($X), with a combined 77% share of total exports. Honduras, Germany, Guatemala, Mexico and El Salvador lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Honduras, with a CAGR of +82.2%, saw the highest growth rate of 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

The average jacks and hoists export price stood at $X per unit in 2022, declining by -4.3% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 97% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 India ($X per unit), while the average price for exports to El Salvador ($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 Honduras (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Costa Rica

In 2022, imports of jacks and hoists for raising vehicles into Costa Rica contracted dramatically to X units, waning by -23% on 2021 figures. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 257% against the previous year. Imports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, jacks and hoists imports contracted significantly to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 270%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Brazil (X units) were the main suppliers of jacks and hoists imports to Costa Rica, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest jacks and hoists suppliers to Costa Rica were China ($X), the United States ($X) and Brazil ($X), together comprising 80% of total imports.

Among the main suppliers, China, with a CAGR of +3.5%, 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 a decline.

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, with an increase of 3.1% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 9.3% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Brazil ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform