Costa Rica: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Costa Rica

The Costa Rican market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids reduced slightly to $X in 2022, declining by -2.7% 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). In general, consumption continues to indicate a slight curtailment. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Costa Rica

Exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Costa Rica shrank rapidly to X units in 2022, which is down by -42.6% on 2021 figures. Over the period under review, exports showed a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of 127%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 132% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Costa Rica, accounting for a 50% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Panama exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Nicaragua (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.8% per year) and Nicaragua (-8.5% per year).

In value terms, Panama ($X), Mexico ($X) and El Salvador ($X) constituted the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from Costa Rica worldwide, together accounting for 79% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +90.7%, recorded 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 export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, rising by 110% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. The growth pace was the most rapid in 2017 when the average export price increased by 123% against the previous year. The export price peaked 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 Mexico ($X per unit), while the average price for exports to Colombia ($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 Mexico (+59.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Costa Rica

In 2022, the amount of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids imported into Costa Rica dropped sharply to X units, shrinking by -15.5% on 2021. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 when imports increased by 89%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids reached $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 44%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Italy (X units), Mexico (X units) and China (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Costa Rica, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Costa Rica were the United States ($X), Italy ($X) and China ($X), together accounting for 44% of total imports.

In terms of the main suppliers, China, with a CAGR of +18.6%, 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 more modest paces of growth.

Import Prices by Country

The average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, surging by 29% against the previous year. Over the period under review, the import price recorded a measured increase. The most prominent rate of growth was recorded in 2020 an increase of 132%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform