Costa Rica - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Costa Rica - 2022
Contents:
- Household Hand Tools Price in Costa Rica (CIF) - 2022
- Household Hand Tools Price in Costa Rica (FOB) - 2022
- Household Hand Tools Imports in Costa Rica
- Household Hand Tools Exports in Costa Rica
Household Hand Tools Price in Costa Rica (CIF) - 2022
The average household hand tools import price stood at $6,927 per ton in 2022, picking up by 21% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $10,538 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Spain ($11,066 per ton), while the price for Indonesia ($2,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+2.6%), while the prices for the other major suppliers experienced a decline.
Household Hand Tools Price in Costa Rica (FOB) - 2022
The average household hand tools export price stood at $9,017 per ton in 2022, which is down by -12.7% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 98%. Over the period under review, the average export prices hit record highs at $10,328 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($17,825 per ton), while the average price for exports to the United States ($2,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Costa Rica
In 2022, overseas purchases of household hand tools decreased by -12% to 291 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 331 tons, and then reduced in the following year.
In value terms, household hand tools imports rose significantly to $2M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +42.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Household Hand Tools in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 718 | 850 | 1,186 | 1,213 | 19.1% |
| United States | 460 | 364 | 369 | 389 | -5.4% |
| Taiwan (Chinese) | 52.0 | 75.2 | 106 | 115 | 30.3% |
| Spain | 9.8 | 11.8 | 7.2 | 52.0 | 74.4% |
| Chile | 29.3 | 42.4 | 35.5 | 44.8 | 15.2% |
| India | 14.4 | 4.8 | 14.4 | 17.4 | 6.5% |
| Indonesia | 5.2 | 1.1 | 3.1 | 10.3 | 25.6% |
| Others | 132 | 129 | 166 | 176 | 10.1% |
| Total | 1,420 | 1,477 | 1,887 | 2,017 | 12.4% |
Top Suppliers of Household Hand Tools to Costa Rica in 2022:
- China (159.8 tons)
- United States (60.8 tons)
- Taiwan (Chinese) (14.0 tons)
- Chile (5.7 tons)
- India (4.9 tons)
- Spain (4.7 tons)
- Indonesia (4.6 tons)
Household Hand Tools Exports in Costa Rica
For the fourth year in a row, Costa Rica recorded growth in overseas shipments of household hand tools, which increased by 13% to 9.3 tons in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 151%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, household hand tools exports fell slightly to $84K in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 399% against the previous year.
| Export of Household Hand Tools in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 2.6 | 21.6 | 43.8 | 42.0 | 152.8% |
| Guatemala | 0.7 | 12.4 | 15.4 | 22.3 | 217.0% |
| Honduras | 1.0 | 1.7 | 12.4 | 11.6 | 126.4% |
| El Salvador | 1.0 | 2.5 | 11.9 | 6.5 | 86.6% |
| United States | 3.0 | 1.6 | 0.1 | 1.5 | -20.6% |
| Ecuador | N/A | 5.4 | N/A | N/A | 0% |
| Others | 1.3 | 2.5 | 2.1 | 0.4 | -32.5% |
| Total | 9.6 | 47.6 | 85.7 | 84.2 | 106.2% |
Top Export Markets for Household Hand Tools from Costa Rica in 2022:
- Nicaragua (5.8 tons)
- Guatemala (2.1 tons)
- Honduras (0.7 tons)
- El Salvador (0.7 tons)
- United States (0.5 tons)
This report provides an in-depth analysis of the household hand tools 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 25733065 - Household hand tools
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
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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
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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
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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
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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
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