Costa Rica: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Costa Rica

The Costa Rican electric oven and cooker market rose significantly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Costa Rica

In 2022, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units, falling for the ninth year in a row after two years of growth. Overall, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric oven and cooker exports declined dramatically to $X in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for electric oven and cooker exports from Costa Rica, with a X% share of total exports. Moreover, electric oven and cooker exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X units), threefold. The third position in this ranking was held by Honduras (X units), with a X% share.

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

In value terms, Panama ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Honduras (X% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per unit) and the Dominican Republic ($X per unit), while the average price for exports to Guatemala ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Costa Rica

In 2022, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imported into Costa Rica rose significantly to X units, picking up by X% against the previous year's figure. In general, total imports indicated a buoyant 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 growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, electric oven and cooker imports expanded remarkably to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value 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 was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of electric oven and cooker imports to Costa Rica, with a combined X% share of total imports. Thailand lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) were the largest electric oven and cooker suppliers to Costa Rica, with a combined X% share of total imports. These countries were followed by Thailand, which accounted for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and China ($X per unit), while the price for Thailand ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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