Costa Rica: Carpet Market 2024

Carpet Market Size in Costa Rica

The Costa Rican carpet market rose rapidly to $X in 2022, growing 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). Overall, the total consumption indicated a prominent 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. Carpet consumption peaked in 2022 and is likely to see steady growth in the near future.

Carpet Exports

Exports from Costa Rica

After two years of growth, shipments abroad of carpets and other textile floor coverings decreased by X% to X square meters in 2022. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2021, and then shrank significantly in the following year.

In value terms, carpet exports reduced remarkably to $X in 2022. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then plummeted in the following year.

Exports by Country

Panama (X square meters) was the main destination for carpet exports from Costa Rica, accounting for a X% share of total exports. Moreover, carpet exports to Panama exceeded the volume sent to the second major destination, Venezuela (X square meters), threefold. The third position in this ranking was taken by Guatemala (X square meters), with a X% share.

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

In value terms, Panama ($X) remains the key foreign market for carpets and other textile floor coverings exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

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

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2022, the average export prices remained at a lower figure.

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 ($X per square meter) and Nicaragua ($X per square meter), while the average price for exports to Venezuela ($X per square meter) and Guatemala ($X per square meter) were amongst the lowest.

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

Carpet Imports

Imports into Costa Rica

In 2022, imports of carpets and other textile floor coverings into Costa Rica was estimated at X square meters, growing by X% compared with the previous year's figure. Overall, total imports indicated a resilient increase 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 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, carpet imports rose sharply to $X in 2022. In general, total imports indicated a resilient 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

China (X square meters), the United States (X square meters) and India (X square meters) were the main suppliers of carpet imports to Costa Rica, together comprising X% of total imports. Taiwan (Chinese), Turkey, Vietnam and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest carpet suppliers to Costa Rica were the United States ($X), China ($X) and India ($X), together comprising X% of total imports. Turkey, Taiwan (Chinese), Belgium and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, 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 carpet import price stood at $X per square meter in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per square meter) and Belgium ($X per square meter), while the price for Vietnam ($X per square meter) and China ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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