Price for Milking Machines and Dairy Machinery in Costa Rica - 2022

Contents:

  1. Price for Milking Machines and Dairy Machinery in Costa Rica (CIF) - 2022
  2. Price for Milking Machines and Dairy Machinery in Costa Rica (FOB) - 2022
  3. Imports of Milking Machines and Dairy Machinery in Costa Rica
  4. Exports of Milking Machines and Dairy Machinery in Costa Rica

Price for Milking Machines and Dairy Machinery in Costa Rica (CIF) - 2022

In 2022, the average import price for milking machines and dairy machineries amounted to $3,223 per unit, falling by -35.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. The import price peaked at $5,925 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 Germany ($7,506 per unit), while the price for Turkey ($1,233 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Costa Rica (FOB) - 2022

In 2022, the average export price for milking machines and dairy machineries amounted to $3,780 per unit, growing by 371% against the previous year. Overall, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($3,923 per unit), while the average price for exports to Panama ($738 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 Mexico (+229.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Milking Machines and Dairy Machinery in Costa Rica

In 2022, after three years of growth, there was significant decline in purchases abroad of milking machines and dairy machineries, when their volume decreased by -36.7% to 353 units. Overall, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.1% 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 +3.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of 558 units, and then shrank rapidly in the following year.

In value terms, milking machines and dairy machinery imports fell remarkably to $1.1M in 2022. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of $2.8M, and then fell significantly in the following year.

Import of Milking Machines and Dairy Machinery in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9099021,087320-29.4%
Germany19.515.815.412083.3%
Turkey44.991.672.692.527.2%
China57.830.412192.216.8%
Brazil10512227477.7-9.5%
Sweden54.682.47.677.612.4%
EcuadorN/AN/AN/A69.40%
ArgentinaN/AN/AN/A44.90%
Italy55.313.73054.0-58.3%
Others537533888239-23.7%
Total1,7831,7902,7711,138-13.9%

Top Suppliers of Milking Machines and Dairy Machinery to Costa Rica in 2022:

  1. United States (84.0 units)
  2. Turkey (75.0 units)
  3. China (57.0 units)
  4. Brazil (32.0 units)
  5. Ecuador (28.0 units)
  6. Germany (16.0 units)
  7. Sweden (11.0 units)
  8. Argentina (9.0 units)
  9. Italy (1.0 units)

Exports of Milking Machines and Dairy Machinery in Costa Rica

In 2022, the amount of milking machines and dairy machineries exported from Costa Rica surged to 282 units, increasing by 1,075% compared with 2021. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, milking machines and dairy machinery exports soared to $1.1M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Milking Machines and Dairy Machinery in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MexicoN/A0.4N/A1,0485018.6%
GuatemalaN/AN/AN/A11.10%
NicaraguaN/AN/A1.65.0212.5%
Panama43.41.617.62.2-63.0%
Others3.61.6N/AN/A-55.6%
Total47.03.519.31,066183.1%

Top Export Markets for Milking Machines and Dairy Machinery from Costa Rica in 2022:

  1. Mexico (267.0 units)
  2. Guatemala (8.0 units)
  3. Nicaragua (4.0 units)
  4. Panama (3.0 units)

Source: IndexBox Market Intelligence Platform

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