Costa Rica: Printing Press Market 2024

Printing Press Market Size in Costa Rica

The Costa Rican printing press market declined remarkably to $X in 2022, falling by -23.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Printing Press Production in Costa Rica

In value terms, printing press production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 274% against the previous year. Printing press production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Printing Press Exports

Exports from Costa Rica

In 2022, after two years of growth, there was decline in overseas shipments of printing presses, when their volume decreased by -3.8% to X units. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 339% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports rose to $X in 2022. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2018 with an increase of 290%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), the United States (X units) and Nicaragua (X units) were the main destinations of printing press exports from Costa Rica, with a combined 68% share of total exports. Mexico, Guatemala, China, Germany and El Salvador lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Panama ($X) were the largest markets for printing press exported from Costa Rica worldwide, together comprising 63% of total exports.

China, with a CAGR of +62.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 printing press export price amounted to $X per unit, increasing by 8.4% against the previous year. Overall, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 167%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.8%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Press Imports

Imports into Costa Rica

In 2022, overseas purchases of printing presses decreased by -31.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, printing press imports totaled $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of printing press to Costa Rica, with a 30% share of total imports. Moreover, printing press imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+27.0% per year) and Taiwan (Chinese) (+7.8% per year).

In value terms, the largest printing press suppliers to Costa Rica were Germany ($X), the UK ($X) and Spain ($X), together accounting for 59% of total imports.

The UK, with a CAGR of +47.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, rising by 48% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 148%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 Spain ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform