Isolating Switch Price in Costa Rica - 2022
Contents:
- Isolating Switch Price in Costa Rica (CIF) - 2022
- Isolating Switch Price in Costa Rica (FOB) - 2022
- Isolating Switch Imports in Costa Rica
- Isolating Switch Exports in Costa Rica
Isolating Switch Price in Costa Rica (CIF) - 2022
In 2022, the average isolating switch import price amounted to $39 per unit, reducing by -5.6% against the previous year. In general, the import price, however, posted noticeable growth. The growth pace was the most rapid in 2019 when the average import price increased by 60%. Over the period under review, average import prices reached the peak figure at $42 per unit in 2021, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($211 per unit), while the price for Turkey ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced a decline.
Isolating Switch Price in Costa Rica (FOB) - 2022
In 2022, the average isolating switch export price amounted to $24 per unit, increasing by 3.8% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $42 per unit in 2012; however, from 2013 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 Panama ($119 per unit), while the average price for exports to Nicaragua ($3.1 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 (+7.0%), while the prices for the other major destinations experienced a decline.
Isolating Switch Imports in Costa Rica
Isolating switch imports into Costa Rica shrank rapidly to 42K units in 2022, dropping by -18.5% against the previous year's figure. Over the period under review, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 82%. As a result, imports reached the peak of 52K units, and then plummeted in the following year.
In value terms, isolating switch imports dropped notably to $1.7M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 85%. As a result, imports reached the peak of $2.1M, and then dropped significantly in the following year.
| Import of Isolating Switch in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 656 | 566 | 1,182 | 952 | 13.2% |
| Australia | 122 | 137 | 386 | 261 | 28.9% |
| Mexico | 104 | 138 | 148 | 105 | 0.3% |
| Sweden | 14.4 | 10.7 | 31.9 | 62.5 | 63.1% |
| United States | 165 | 144 | 85.6 | 46.3 | -34.5% |
| Brazil | 194 | 40.9 | 41.0 | 29.2 | -46.8% |
| Colombia | 2.3 | 1.0 | 19.5 | 13.2 | 79.0% |
| Italy | 31.5 | 4.9 | 8.8 | 6.0 | -42.5% |
| Others | 229 | 116 | 242 | 177 | -8.2% |
| Total | 1,519 | 1,158 | 2,145 | 1,651 | 2.8% |
Top Suppliers of Isolating Switch to Costa Rica in 2022:
- Australia (10.3K units)
- Mexico (8.7K units)
- Colombia (4.7K units)
- Germany (4.5K units)
- Brazil (3.5K units)
- Sweden (2.6K units)
- United States (2.4K units)
- Italy (0.8K units)
Isolating Switch Exports in Costa Rica
In 2022, overseas shipments of isolating switches & make-and-break switches decreased by -41.6% to 3.9K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 542%. As a result, the exports attained the peak of 6.6K units, and then contracted notably in the following year.
In value terms, isolating switch exports shrank rapidly to $91K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 369% against the previous year. As a result, the exports attained the peak of $151K, and then declined significantly in the following year.
| Export of Isolating Switch in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 2.8 | 11.7 | 47.4 | 28.8 | 117.5% |
| Guatemala | 1.0 | 2.3 | 41.4 | 24.1 | 188.8% |
| El Salvador | 0.5 | 7.5 | 29.0 | 16.9 | 223.3% |
| Jamaica | 0.9 | 3.4 | 12.4 | 6.9 | 97.2% |
| Honduras | 0.3 | 1.3 | 0.6 | 2.1 | 91.3% |
| Dominican Republic | 0.2 | 0.8 | 3.1 | 1.8 | 108.0% |
| United States | N/A | 0.1 | 2.6 | 1.5 | 287.3% |
| Others | 1.6 | 5.0 | 14.3 | 9.5 | 81.1% |
| Total | 7.4 | 32.1 | 151 | 91.4 | 131.2% |
Top Export Markets for Isolating Switch from Costa Rica in 2022:
- Ecuador (1341.0 units)
- Guatemala (1104.0 units)
- El Salvador (752.0 units)
- Jamaica (339.0 units)
- Honduras (102.0 units)
- United States (70.0 units)
- Dominican Republic (64.0 units)
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