Costa Rica: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Costa Rica

After three years of growth, the Costa Rican mattocks and rakes market decreased by -0.1% to $X in 2022. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mattocks And Rakes Exports

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in overseas shipments of mattocks, picks, hoes and rakes, when their volume decreased by -17.4% to X kg. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 135%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mattocks and rakes exports reduced notably to $X in 2022. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for mattocks and rakes exports from Costa Rica, accounting for a 94% share of total exports. It was followed by Trinidad and Tobago (X kg), with a 2% share of total exports. The third position in this ranking was taken by Nicaragua (X kg), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (-5.1% per year) and Nicaragua (-28.7% per year).

In value terms, Venezuela ($X) remains the key foreign market for mattocks, picks, hoes and rakes exports from Costa Rica, comprising 98% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 0.5% share of total exports. It was followed by Nicaragua, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (-0.9% per year) and Nicaragua (-29.0% per year).

Export Prices by Country

In 2022, the average mattocks and rakes export price amounted to $X per ton, picking up by 2.7% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes export price decreased by -8.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 84%. The export price peaked at $X per ton in 2016; however, from 2017 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 Venezuela ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports into Costa Rica

In 2022, mattocks and rakes imports into Costa Rica expanded sharply to X tons, surging by 7% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, mattocks and rakes imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 53%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Mexico (X tons) and El Salvador (X tons) were the main suppliers of mattocks and rakes imports to Costa Rica, together accounting for 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +13.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), El Salvador ($X) and China ($X) appeared to be the largest mattocks and rakes suppliers to Costa Rica, with a combined 92% share of total imports.

Among the main suppliers, China, with a CAGR of +15.0%, recorded the highest growth rate of 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 mattocks and rakes import price stood at $X per ton in 2022, falling by -8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2016 an increase of 20%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform