Costa Rica: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Costa Rica

In 2022, after two years of growth, there was significant decline in the Costa Rican market for domestic, non-electric, cooking or heating appliances, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Costa Rica

In value terms, production of domestic, non-electric, cooking or heating appliances surged to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Costa Rica

In 2022, the amount of domestic, non-electric, cooking or heating appliances exported from Costa Rica surged to X units, with an increase of X% against the year before. Overall, exports, however, faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances amounted to $X in 2022. In general, exports, however, showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X units) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Costa Rica, with a X% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Nicaragua exceeded the volume sent to the second major destination, Guatemala (X units), twofold. Honduras (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for domestic, non-electric, cooking or heating appliance exported from Costa Rica were Guatemala ($X), Nicaragua ($X) and Honduras ($X).

Nicaragua, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Costa Rica

In 2022, the amount of domestic, non-electric, cooking or heating appliances imported into Costa Rica dropped markedly to X units, waning by X% on the year before. In general, total imports indicated a slight expansion from 2012 to 2022: its volume 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 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances shrank markedly to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X units) was the main domestic, non-electric, cooking or heating appliance supplier to Costa Rica, accounting for a X% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. The third position in this ranking was held by the United States (X units), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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