Costa Rica: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Costa Rica

The Costa Rican market for iron or steel gas domestic cooking appliances and plate warmers shrank to $X in 2022, reducing by -13.6% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Consumption of peaked at $X in 2021, and then dropped in the following year.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Costa Rica

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers reduced to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 41% 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 stood at a somewhat lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Costa Rica

Exports of iron or steel gas domestic cooking appliances and plate warmers from Costa Rica contracted sharply to X units in 2022, declining by -21.9% compared with the previous year. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 78%. 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 iron or steel gas domestic cooking appliances and plate warmers dropped dramatically to $X in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 120%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Nicaragua (X units) and Honduras (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Costa Rica, with a combined 81% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of -29.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Costa Rica were Guatemala ($X), Nicaragua ($X) and Honduras ($X), with a combined 82% share of total exports.

Nicaragua, with a CAGR of -29.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, shrinking by -6.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Nicaragua ($X per unit), while the average price for exports to Honduras ($X per unit) and El Salvador ($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 Jamaica (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Costa Rica

After three years of growth, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -11.5% to X units in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +32.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers shrank sharply to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 68%. Over the period under review, imports of attained the maximum at $X in 2021, and then fell dramatically in the following year.

Imports by Country

China (X units), Mexico (X units) and the United States (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to Costa Rica, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +21.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Costa Rica were China ($X), Mexico ($X) and the United States ($X), with a combined 88% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +31.0%, recorded 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

In 2022, the average import price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, dropping by -6.7% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel gas domestic cooking appliances and plate warmers increased by +10.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 91%. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :