Costa Rica - Tractors - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTractor Price in Costa Rica - 2022
Contents:
- Tractor Price in Costa Rica (CIF) - 2022
- Tractor Price in Costa Rica (FOB) - 2022
- Tractor Imports in Costa Rica
- Tractor Exports in Costa Rica
Tractor Price in Costa Rica (CIF) - 2022
The average tractor import price stood at $44,523 per unit in 2022, with an increase of 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $46,456 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 Mexico ($59,178 per unit), while the price for India ($23,694 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Costa Rica (FOB) - 2022
The average tractor export price stood at $37,194 per unit in 2022, jumping by 91% 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 +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tractor export price decreased by -11.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 120%. As a result, the export price attained the peak level of $41,775 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($330,100 per unit), while the average price for exports to Guatemala ($1,975 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 Jamaica (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Costa Rica
For the fourth consecutive year, Costa Rica recorded growth in overseas purchases of tractors, which increased by 18% to 704 units in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, tractor imports soared to $31M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +83.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tractor in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.4 | 4.2 | 5.4 | 7.8 | 21.0% |
| United States | 6.9 | 6.2 | 5.9 | 5.7 | -6.2% |
| Brazil | 1.3 | 0.6 | 2.3 | 5.1 | 57.7% |
| Italy | 1.5 | 1.0 | 1.5 | 4.1 | 39.8% |
| Germany | 1.4 | 0.1 | 1.5 | 3.3 | 33.1% |
| United Kingdom | 0.6 | 1.1 | 1.1 | 2.2 | 54.2% |
| China | 0.6 | 0.9 | 0.7 | 1.5 | 35.7% |
| India | 0.2 | 0.2 | 0.8 | 0.9 | 65.1% |
| Japan | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| Others | 3.8 | 2.7 | 5.3 | 0.7 | -43.1% |
| Total | 20.9 | 17.1 | 24.6 | 31.3 | 14.4% |
Top Suppliers of Tractor to Costa Rica in 2022:
- United States (142.0 units)
- Mexico (131.0 units)
- Italy (121.0 units)
- Brazil (115.0 units)
- Germany (58.0 units)
- India (39.0 units)
- United Kingdom (39.0 units)
- China (33.0 units)
Tractor Exports in Costa Rica
After three years of growth, shipments abroad of tractors decreased by -40.6% to 38 units in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 64 units, and then reduced remarkably in the following year.
In value terms, tractor exports reached $1.4M in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 139%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Tractor in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 101 | 1,449 | 372 | 510 | 71.6% |
| Honduras | 282 | 405 | 435 | 389 | 11.3% |
| Peru | N/A | N/A | N/A | 330 | 0% |
| Jamaica | N/A | N/A | N/A | 90.0 | 0% |
| Panama | 130 | 117 | 160 | 70.8 | -18.3% |
| Guatemala | 18.0 | 131 | 167 | 23.7 | 9.6% |
| Dominican Republic | 264 | N/A | N/A | N/A | 0% |
| United States | 53.8 | N/A | N/A | N/A | 0% |
| El Salvador | 17.3 | 28.8 | 26.9 | N/A | 24.7% |
| Canada | N/A | N/A | 71.3 | N/A | 0% |
| Others | 24.3 | N/A | 11.8 | N/A | -30.3% |
| Total | 891 | 2,131 | 1,244 | 1,413 | 16.6% |
Top Export Markets for Tractor from Costa Rica in 2022:
- Honduras (12.0 units)
- Guatemala (12.0 units)
- Nicaragua (8.0 units)
- Panama (3.0 units)
- Jamaica (2.0 units)
- Peru (1.0 units)
This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
100
This report provides an in-depth analysis of the tractor market in Costa Rica.
73
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Costa Rica.
37
This report provides an in-depth analysis of the crawler tractor market in Costa Rica.
75
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Costa Rica.
75
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Costa Rica.
3420
This report provides an in-depth analysis of the global tractor market.
856
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
1215
This report provides an in-depth analysis of the global crawler tractor market.
486
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
246
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
939
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
684
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1350
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
207
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
939
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
684
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1350
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
207
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
