Costa Rica: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Costa Rica

The Costa Rican overhead travelling crane market skyrocketed to $X in 2022, rising by 52% 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, recorded a pronounced contraction. Overhead travelling crane consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Costa Rica

In 2022, after two years of decline, there was decline in shipments abroad of overhead travelling cranes on fixed support, when their volume decreased by 0% to less than X units. In general, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports dropped to $X in 2022. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 47%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

The Netherlands (X units), Guatemala (X units) and Nicaragua (X units) were the main destinations of overhead travelling crane exports from Costa Rica, with a combined 80% share of total exports. Moreover, overhead travelling crane exports in the Netherlands exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2017 to 2019, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from Costa Rica, comprising 83% of total exports. The second position in the ranking was held by Panama ($X), with a 1.8% share of total exports. It was followed by Guatemala, with a 1.7% share.

From 2017 to 2019, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+205.5% per year) and Guatemala (-84.1% per year).

Export Prices by Country

In 2019, the average overhead travelling crane export price amounted to $X per unit, standing approx. at the previous year. Overall, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2019, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Nicaragua ($X per unit) was amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+197.6%), while the prices for the other major destinations experienced mixed trend patterns.

Overhead Travelling Crane Imports

Imports into Costa Rica

Overhead travelling crane imports into Costa Rica surged to X units in 2022, picking up by 56% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 250% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, overhead travelling crane imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 145% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Finland (X units) and Panama (X units) were the main suppliers of overhead travelling crane imports to Costa Rica, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Finland ($X) and China ($X) appeared to be the largest overhead travelling crane suppliers to Costa Rica, together accounting for 83% of total imports. Mexico, Panama, Italy, the United States, Germany and Brazil lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Panama, with a CAGR of +77.6%, 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 more modest paces of growth.

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, with a decrease of -5.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 93% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform