Costa Rica: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in Costa Rica

In 2022, after five years of growth, there was decline in the Costa Rican pumps for liquids market, when its value decreased by X% to $X. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank modestly in the following year.

Pumps For Liquids Exports

Exports from Costa Rica

In 2022, shipments abroad of pumps for liquids increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pumps for liquids exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for pumps for liquids exports from Costa Rica, accounting for a X% share of total exports. Moreover, pumps for liquids exports to Mexico exceeded the volume sent to the second major destination, Honduras (X units), fivefold. The third position in this ranking was taken by Guatemala (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Guatemala (X% per year).

In value terms, Mexico ($X) remains the key foreign market for pumps for liquids exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with an X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Panama (X% per year).

Export Prices by Country

The average pumps for liquids export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per unit) and Nicaragua ($X per unit), while the average price for exports to Jamaica ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps For Liquids Imports

Imports into Costa Rica

In 2022, supplies from abroad of pumps for liquids decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, pumps for liquids imports declined to $X in 2022. Over the period under review, total imports indicated pronounced 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 appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of pumps for liquids imports to Costa Rica, with a combined X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of pumps for liquids to Costa Rica, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average pumps for liquids import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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