Costa Rica: Radiator Market 2024

Radiator Market Size in Costa Rica

The Costa Rican radiator market was estimated at $X in 2022, growing by 3.1% against the previous year. Over the period under review, consumption, however, showed a perceptible reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Radiator Production in Costa Rica

In value terms, radiator production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Radiator Exports

Exports from Costa Rica

In 2022, approx. X tons of radiators for central heating (not electrically heated) were exported from Costa Rica; reducing by -46.3% compared with 2021 figures. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 8,189%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, radiator exports declined rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 5,284% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for radiator exports from Costa Rica, with a 57% share of total exports. Moreover, radiator exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+80.9% per year) and Austria (+21.3% per year).

In value terms, the largest markets for radiator exported from Costa Rica were the Czech Republic ($X), the United States ($X) and Austria ($X).

Among the main countries of destination, the United States, with a CAGR of +101.4%, 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 radiator export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2016 an increase of 23% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 Germany (+25.5%), while the prices for the other major destinations experienced mixed trend patterns.

Radiator Imports

Imports into Costa Rica

In 2022, the amount of radiators for central heating (not electrically heated) imported into Costa Rica soared to X tons, picking up by 23% against 2021 figures. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 526%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, radiator imports reduced dramatically to $X in 2022. Overall, imports continue to indicate temperate growth. The growth pace was the most rapid in 2021 when imports increased by 381% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Switzerland (X tons), the United States (X tons) and Mexico (X kg) were the main suppliers of radiator imports to Costa Rica, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +3,353.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to Costa Rica, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total imports. It was followed by Mexico, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland stood at +4,964.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and Mexico (+20.6% per year).

Import Prices by Country

The average radiator import price stood at $X per ton in 2022, with a decrease of -51% against the previous year. In general, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 524% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+77.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform