Report Update: May 19, 2024

Costa Rica - Industrial Machinery For The Manufacture Or Preparation Of Sugar - Market Analysis, Forecast, Size, Trends And Insights

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Sugar-Manufacturing Industrial Machinery Price in Costa Rica - 2022

Sugar-Manufacturing Industrial Machinery Price in Costa Rica (CIF) - 2022

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $38,232 per unit, with a decrease of -16.6% against the previous year. Overall, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 167%. Over the period under review, average import prices attained the peak figure at $50,952 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Colombia ($50,551 per unit), while the price for the United States ($805 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Price in Costa Rica (FOB) - 2022

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $1,785 per unit, reducing by -64% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 810% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,178 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($3,265 per unit), while the average price for exports to Guatemala ($500 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 El Salvador (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports in Costa Rica

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar imported into Costa Rica surged to 17 units, with an increase of 42% compared with the previous year's figure. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugar-manufacturing industrial machinery imports surged to $650K in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 116% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Sugar-Manufacturing Industrial Machinery in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	32.8	11.0	69.4	607	164.5%
Brazil	N/A	105	N/A	27.4	-48.9%
El Salvador	55.4	101	114	9.4	-44.6%
China	0.7	N/A	N/A	3.3	67.7%
Mexico	N/A	N/A	N/A	2.4	0%
United States	137	N/A	367	0.8	-82.0%
Spain	N/A	26.7	N/A	N/A	0%
Germany	N/A	85.8	N/A	N/A	0%
Netherlands	N/A	23.4	N/A	N/A	0%
Others	N/A	136	N/A	N/A	0%
Total	226	489	550	650	42.2%

Top Suppliers of Sugar-Manufacturing Industrial Machinery to Costa Rica in 2022:

Colombia (12.0 units)
Brazil (1.0 units)
Mexico (1.0 units)
El Salvador (1.0 units)
United States (1.0 units)
China (1.0 units)

Sugar-Manufacturing Industrial Machinery Exports in Costa Rica

In 2022, approx. 10 units of industrial machinery for the manufacture or preparation of sugar were exported from Costa Rica; with an increase of 67% compared with the previous year's figure. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 100%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar-manufacturing industrial machinery exports dropped significantly to $18K in 2022. Overall, exports showed temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $30K, and then dropped remarkably in the following year.

Export of Sugar-Manufacturing Industrial Machinery in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	N/A	0.9	0.3	13.1	281.5%
Guatemala	N/A	N/A	N/A	2.0	0%
Nicaragua	N/A	7.2	29.3	1.8	-50.0%
Panama	N/A	N/A	N/A	1.0	0%
Dominican Republic	0.1	N/A	N/A	N/A	0%
Mexico	15.6	10.4	N/A	N/A	-33.3%
Others	N/A	N/A	N/A	N/A	0%
Total	15.6	18.5	29.7	17.8	4.5%

Top Export Markets for Sugar-Manufacturing Industrial Machinery from Costa Rica in 2022:

El Salvador (4.0 units)
Guatemala (4.0 units)
Nicaragua (1.0 units)
Panama (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sugar-manufacturing industrial machinery market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931730 - Industrial machinery for the manufacture or preparation of sugar

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023