Costa Rica: Circuit Breaker Market 2024

Circuit Breaker Market Size in Costa Rica

In 2022, the Costa Rican circuit breaker market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a buoyant increase. Circuit breaker consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Circuit Breaker Exports

Exports from Costa Rica

In 2022, exports of automatic circuit breakers from Costa Rica declined to X units, which is down by X% compared with 2021. In general, exports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, circuit breaker exports amounted to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Honduras (X units) was the main destination for circuit breaker exports from Costa Rica, with a X% share of total exports. Moreover, circuit breaker exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), twofold. Guatemala (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Guatemala (X% per year).

In value terms, Nicaragua ($X), Honduras ($X) and Guatemala ($X) constituted the largest markets for circuit breaker exported from Costa Rica worldwide, with a combined X% share of total exports. El Salvador, Panama, the Dominican Republic and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

Trinidad and Tobago, with a CAGR of X%, recorded 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 circuit breaker export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, circuit breaker export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average 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 Nicaragua ($X per unit), while the average price for exports to Honduras ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Costa Rica

In 2022, overseas purchases of automatic circuit breakers increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, circuit breaker imports expanded markedly to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X units), the Dominican Republic (X units) and the United States (X units) were the main suppliers of circuit breaker imports to Costa Rica, with a combined X% 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 Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), the United States ($X) and Mexico ($X) appeared to be the largest circuit breaker suppliers to Costa Rica, with a combined X% share of total imports.

Mexico, with a CAGR of X%, saw the highest growth rate of 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 circuit breaker import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked 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 the United States ($X per unit), while the price for China ($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 Dominican Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :