Costa Rica: Blanket Market 2024

Blanket Market Size in Costa Rica

The Costa Rican blanket market fell to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a strong expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Blanket Production in Costa Rica

In value terms, blanket production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Costa Rica

In 2022, overseas shipments of blankets and traveling rugs (except electric blankets) decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped notably in the following year.

In value terms, blanket exports fell dramatically to $X in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Guatemala (X units), Honduras (X units) and El Salvador (X units) were the main destinations of blanket exports from Costa Rica, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Costa Rica were Guatemala ($X), Honduras ($X) and El Salvador ($X), with a combined X% share of total exports.

Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price 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, blanket export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Guatemala ($X per unit), while the average price for exports to El Salvador ($X per unit) and Nicaragua ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Costa Rica

In 2022, approx. X units of blankets and traveling rugs (except electric blankets) were imported into Costa Rica; dropping by X% on the previous year's figure. In general, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, blanket imports contracted to $X in 2022. Overall, total imports indicated a mild 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 growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of blanket to Costa Rica, accounting for a X% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), ninefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume 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).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Mexico ($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 growth rate of value from China stood at 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

The average blanket import price stood at $X per unit in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then dropped slightly in the following year.

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 ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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