Costa Rica: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Costa Rica

The Costa Rican self-propelled non-electric fork-lift truck market fell sharply to $X in 2022, which is down by -20.3% 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 recorded a perceptible reduction. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Costa Rica

Self-propelled non-electric fork-lift truck exports from Costa Rica fell sharply to X units in 2022, which is down by -25.8% on 2021 figures. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 144% against the previous year. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, self-propelled non-electric fork-lift truck exports reduced modestly to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,473% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X units), Honduras (X units) and Guatemala (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Costa Rica, together comprising 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +21.5%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Panama ($X) and Honduras ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Costa Rica worldwide, with a combined 70% share of total exports.

Panama, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, in terms of 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 self-propelled non-electric fork-lift truck export price amounted to $X per unit, jumping by 35% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 953% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a 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 Panama ($X per unit), while the average price for exports to Honduras ($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 Panama (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Costa Rica

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were imported into Costa Rica; reducing by -18.8% on the year before. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports reduced dramatically to $X in 2022. In general, imports recorded a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 77%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Costa Rica, together accounting for 83% of total imports. France, South Korea, Panama and Germany lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Costa Rica were the United States ($X), China ($X) and Japan ($X), with a combined 82% share of total imports. France, South Korea, Panama and Germany lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, France, with a CAGR of +28.2%, 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 self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, which is down by -3.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Panama ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform